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Ecopetrol ADR Representing 20 Ord Shs V.EC


Primary Symbol: EC

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

Comment by trendisafriendon Sep 09, 2009 1:52pm
200 Views
Post# 16290421

RE: RE: RE: DD on EC

RE: RE: RE: DD on ECIts an interesting question, although Im not sure the manganese operation is responsible for the large price increase. That I would leave to the Ecuadorean prospects. I do remember posting though asking a very similar question in regards to margins, and was slammed for posing the question, not sure who that person was or if they even were long on the shares now. In the meantime, Id be hanging on for the permits, got another independent update, from those that came back again from Ecuador.  In terms of the IR, never did get through to them, they wouldnt really be part of my DD on any company anyways, for various reasons.  Concentrate on the gold, the manganese is potentially the gravy..........
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