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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 goldtoeon Feb 17, 2010 2:12pm
265 Views
Post# 16792136

right from the getgo

right from the getgo
it would seem alot of inexperienced folks got shafted with a down draft.. before any news concerning drilling.. why buy and sell before lab results? That's one way to miss the possible runup but hey some have money to burn eh!?
We know this is a gold zone so the odds are EC should find something.. i think things will settle down abit once folks realise that Zarza has alot of promise with some good core results. Too much negativity but hey that's what they wanted to do.. frighten off half of the shareholders.. i guess it worked.



salute
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