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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

Comment by deanthebeanon Apr 27, 2010 5:51pm
314 Views
Post# 17037175

RE: RE: Condor news

RE: RE: Condor newsEC ends up with an additional 200K in the bank, period.  The burn rate is independent of this.  You think Alca is holding all of the cards?  I disagree.  What happens if hole 5 shows us some gold?  EC shoots up and Condor deal is off the table.  This is a huge risk to Alca.  I'm telling you that they want this closed asap because the bottom line is that it's a great deal at $10/ proven ounce.  EC knows that the delay also keeps their own options open.One more thing, the person who mentioned that 200K won't cover legal costs at this point is speaking from their a_s.  This is a simple escrow agreement at this point and is likely orchestrated at Alca`s expense with EC lawyers reviewing only for 10K MAX!!
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