Ecopetrol ADR Representing 20 Ord Shs V.EC

Primary Symbol: EC

Energy Oil & Gas Integrated

Ecopetrol S.A. is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company's segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company's Exploration and Production segment includes exploration, development and production activities in Colombia and abroad. The Company's Transportation and Logistics segment includes the transportation of crude oil, motor fuels, fuel oil and other refined products, including diesel and biofuels. The Company's main crude oil pipeline systems' operating capacity is approximately 1.34 million barrels per day (BPD). The Company's main refineries are the Barrancabermeja refinery, which it directly owns and operates, and a refinery in the Free Trade Zone in Cartagena that is operated by Reficar S.A., a subsidiary of the Company. The Company also owns and operates two other minor refineries: Orito and Apiay.

NYSE:EC - Post by User

Ecopetrol ADR Representing 20 Ord Shs

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Comment by jake10on May 15, 2009 8:27pm

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Post# 15997552

RE: Atomear value

At the time of the deal they were going for around 2 pence. Someone drove the price up immediately after the deal. Why they went ahead and closed on the deal I don't know. Maybe they can't raise any money. But 2 pence is roughly .04 US and it would come out to roughly 4.4 mill US. But you also have to take into consideration what would happen to the share price if you dumped that many shares. And it would take a long time to get it done.

Also take into consideration EC owned Atomaer and not Braemore. As far as I know Atomaer is not listed on any major exchanges? So how do you get it done? Would you care to ante up that amount of cash for a company losing money?

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