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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 Scoop61on Apr 16, 2010 12:02pm
422 Views
Post# 17000122

Close to the bottom...

Close to the bottom...I believe this is close to the low for the pps...I expect a surge of buying soon as share holders average down...

Bottom line is holes 4 & 5 still have promise of a gold discovery. Condor will probably be sold although maybe with some sort of adjustment to account for the lower share price. 

Personally I expect the price to slowly climb back to the 30 cent range in anticipation of news.

Cheers...
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