Ecopetrol ADR Representing 20 Ord Shs V.EC

Primary Symbol: EC

Energy Oil & Gas Integrated

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

Ecopetrol ADR Representing 20 Ord Shs

Bullboard Posts

Comment by guidon Mar 28, 2010 11:46am

397 Views

Post# 16932719

RE: the manipulated price drop

Rockracker,

Now you see what I was talking about here:

https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=EC&t=LIST&m=28047939&l=0&pd=0&r=0

Fact is, most of the holders that were in, wanted a miracle on the first two holes of a brand new program. I've seen it one thousand times before... Sentiment was way too high, which makes for a big drop when they don't see what they want to see.

While nothing has changed fundamentally and there are many holes to drill yet, not to mention the maganese play in Brazil and valle de tigre to the north of RZ...

It is what it is... for now it's
.30-
.50 for a trading range, in my opinion.

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