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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 Greenstakeon Mar 28, 2010 10:39am
555 Views
Post# 16932631

I agree

I agreeThis is way too low now and a definite opportunity to acquire a great deal.

Had the company issued a news release during normal trading hours we would NOT have seen this drop due to premarket manipulation. It may have dropped some but not as much it did because they brought it right down on premarket shenanigans as usual. Shareholders ought to advise Daniel Major of this so it doesn't happen again.

Rest assured this is heading right back up again as the MM's make the best of it as they have in recent months.

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