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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 petesky1on Feb 09, 2010 6:58pm
285 Views
Post# 16768916

RE: Thanks petersky for sharing the information

RE: Thanks petersky for sharing the informationWell, I put it out there because I want constructive thoughts from people that are reasonable and put thought into what they write. I am totally rooting for EC's success since I own a bunch of shares, but if I see something worth questioning, I question it. Any unbiased investor would do the same I'm assuming...

So that being said, Ecuador's government is NOT beyond propaganda, so it is not the case that governments "never post any fake information". Though this article is of slight concern to me, I do basically believe that this will have little to no impact on EC, since the government controls these issues and they would NOT be motivated to give into a group of protesters. They have the bigger picture to worry about.

But I still want to hear feedback from people with some insight. Excluding the poster to whom I am responding to of course, since anything he has posted has little to no value. I'm assuming the most valuable responses will be in the private board... Of course I want to hear what Daniel Major has to say about it. Good luck ECites!

Petesky.
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