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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 laskin_49on Jan 22, 2010 11:12am
266 Views
Post# 16707932

Take down trades

Take down tradesI now doubt half the trades in the take down period were real.

I believe the bulk of the number of shares showing was just a churning back and forth between brokers for a client or clients trying to only cause a panic of selling. The volume if that is true is actually encouraging to me as I hold all shares and at this point even though tempted to try and repositon some I am afraid I could not time it to my advantage.

We will see. Still love this play even though it makes for grey hair.
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