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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 donny2on Nov 11, 2009 7:39pm
317 Views
Post# 16477452

RE: We're in control

RE: We're in controlBernie: Never forget the damage done last year when, during the market melt down, we realized that it was two Hedge Funds who owned a great deal of EC shares, dumping everything as  they liquidated their operations. They realized the value of our properties in Ecuador and Brazil, but their selling was related to their fund liquidations, not our prospects. Combine that with the pain we experienced when the Correa government halted all mining operations in the country pending creation of new laws and regulations. Throw in the litigation surrounding our JV partner in Brazil, and you have the low prices we reached. Now, hopefully, we are merely back to that point, 18 months ago, that we thought we were at with EC company operations in Ecuador
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