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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 Feb 18, 2010 6:40pm
276 Views
Post# 16797769

RE: RE: RE: SELL OFF THEORY$$$$$$$$$

RE: RE: RE: SELL OFF THEORY$$$$$$$$$This is amateur hour here....whoever can make up the craziest theory is widely accoladed. It's like the blind leading the blind.  Don't worry, I won't post here again.

As I said before, I have no problems with people disagreeing with me, but there's nobody here with any sense or clue as to what's going on. That is ok though, people like me need people like you to make money.

Anyways, EC will likely go up in the next few weeks, but not for the reasons you guys think it will.  It is right on the 200 DMA like I said it would be weeks ago. That should provide decent support, and should provide a springboard for some higher prices in the near future.....however, do yourselves a favor and watch the price action....if it DOES break the 200 DMA (around
.53) with volume, look out.

Hopefully you guys do well.
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