Ecopetrol ADR Representing 20 Ord Shs V.EC

Primary Symbol: EC

Energy Oil & Gas Integrated

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

Ecopetrol ADR Representing 20 Ord Shs

Bullboard Posts

Comment by robbie25on Feb 02, 2010 5:47pm

232 Views

Post# 16745611

RE: RE: RE: To robbie25....

https://infoventure.tsx.com/TSXVenture/TSXVentureHttpController?GetPage=SecuritySummary&SECURITY_ID=218447&MARKET_ID=CDNX&SEC_SYM_SID=1&HC_FLAG1=checked&HC_FLAG2=

The short position isn't large right now, only 58,000. But from a technical perspective, EC didn't become a short until Jauary 22, which is when the price broke below the 50 DMA. the short position report is only current as of Jan 15.

I would imagine when the report comes out it will have gone up.

Oh, and the 20 DMA just crossed over the 50 DMA today, furthur confirming the downtrend.

Bullboard Posts

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