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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 molark99on Dec 15, 2009 2:56pm
304 Views
Post# 16589546

RE: someone is full of it

RE: someone is full of itI will say some of the speculation about drilling already being under way may be my fault. I dont know if they are drilling now or not, but suggested they were based on facts given to me from the horses mouth.If you go back and re read the last NR, it says the drillers have 2 weeks to mobilize, that doesnt mean actually start drilling I guess.

They may be drilling right now for all I know, but they might not be. Best I can suggest is, if Conorbuffet says he talked to Daniel, his word is gold. He knows his stuff and doesnt BS, at least from my experience. Either way it doesnt matter. EC will be successful IMO, a couple pennies either way wont make a diff at the end of the day.
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