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

Bullboard Posts

Comment by ghislanderon Nov 02, 2009 7:12am

457 Views

Post# 16443441

RE: Nov.04 implications

Actually rolling,I think you are way too conservative.Taking account of the pre-reverse split this stock was
about 6 CAD at its high with the only drive pushing it higher being the FDN discovery.Then came the Ecuador
mining laws and the creditcrunch with the junior miners being pummeled.With Ecuador now coming with a
clear and longterm mining policy and a go ahead on drillings I can see 2 cad within 3/4 weeks but 3 dollars
is not excluded if gold itself and the pm stocks in general move higher from here.

Bullboard Posts

Investor’s corner: Solving chronic pain in dogs – A significant market opportunity