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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 Greenstakeon Jan 08, 2010 10:36am
277 Views
Post# 16654722

RE: $1.25-$1.35

RE: $1.25-$1.35"Now watch as the 100k plus at 1.25 gets knocked out"

Much as we would like to see that EC still needs the obvious support tobuild up so that anonymoose can sell down into it again after pushing it up.... otherwise a marginalincrease on the day which is fine.  Volume out the gate was good but has waned the last half hour. I would think we should see thenext leg towards 1.50 coming soon or else holders will turn into traders and that would eat into their game profits. Should be fun to watch.
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