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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 20, 2010 11:44am
410 Views
Post# 16802911

EC

EC
I see March 3rd is their annual gathering. F. Scola receives a minimum salary and options.. some others have some options... i bought EC at higher prices because i think Zarza will reveal gold.. the early excercise of warrants seems to have brought share prices down. When one buys a drill co the drill does all the speaking but it looks like management has tried to keep dilution to a minimum... i would like to see the sale of their property go thru without hitch this month the extra money can be used for drilling... the stock initially came down when the market heard that the sale was going to take longer.. so it only stands to reason that the s/p will go up when this transaction is finalized...


salute
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