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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 robbie25on Jan 31, 2010 12:49pm
346 Views
Post# 16737185

RE: RE: There is a direct correlation....

RE: RE: There is a direct correlation....

it was obviously a tongue in cheek reference....that is why I only traded the strategy with peanuts....it is also not obviously the only indicator.....I would also consider funadmental and techincal aspects as well, and obviously place more weight on those.

I'm not suggesting anybody buy or sell stocks based solely on how many bullboard posts there are, of course. But I believe it is very useful as an indicator of a stock that may be oversold, and which warrnats more attention. I then delve a little deeper, and if I think it is indeed, then I'll short it.

Watch what happens with EC over the next two weeks, and we will see how 'dumb' it is indeed.

Bullboard Posts