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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

Post by Nikolaion Dec 02, 2009 8:29pm
357 Views
Post# 16547979

Kappa, there is nothing typical

Kappa, there is nothing typicalat this point where specs can kick back and expect the usual.  EC is moving independently of the market and independently -- and beating -- plays that some purport to emulate EC.   While it's theoretically possible, in a Stephen Hawking sort of way, that this thing will do an about face, the chances are slim.   Time is very short for funds to load their boats ahead of their recommendations to customers/clients, etc.   It's now safe for them to load up since permit risk is ZERO and there is every indication for highly sucessful drill program.

Speaking of promo, there was previous discussion of a European road show once the green light was received.  Perhaps that's occurring as we speak but we'll let management do their thing without interference.  Their time is increasingly precious.  



 
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