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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 djgton Mar 25, 2010 11:28am
325 Views
Post# 16923255

News and views

News and viewsI'm with most here in agreeing that news should come today but will likely come next week or the first part of April even. The market seems to be moving towards a positive news release however.

Remember, the last time we had news it came out of no where and the price and buying shot to the moon. With management being as tight-lipped as they are I expect a similar experience this time around.

I think it is important for investors to ensure that their expectations of what the news release will be are framed properly. For me, I am expecting the release to be a rewording of the drilling update posted on the website with some references to the drill findings. I don't think it will be a typical "drill results/update" release.

It is very quiet on the EC board lately, no bashers, no conspiracy theorists and low volume.....history has a way of repeating its self.

Cheers,
djgt
aka Chris Weber

www.weberswebnewsletter.com

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