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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 fireintheholeon Feb 01, 2010 5:29pm
290 Views
Post# 16741335

Rockracker: Your post was one of the...

Rockracker: Your post was one of the...logical informative posts I've seen for some time. Gold, whether it is bullion or equities, largely trades on the what the US dollar is doing. Last week, the USD was up almost the whole week and all the above fell. Today, the USD was down and EC, for example, was up. It's all about finding the longer term trend and very little to do with what the company or firm is doing. I like your post, real info and not pumping or bashing. Good job!

I question whether or not those bids are genuine because sellerscontinue to keep selling down to the bid and very few bidders aretaking out the asks. That has been the pattern for weeks now. We'll seehow this fairs tomorrow.
Bullboard Posts