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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 robbie25on Apr 28, 2010 11:15am
295 Views
Post# 17039499

RE: RE: One lesson for new board readers

RE: RE: One lesson for new board readers"All honest investors should be inundating the Prime Ministers office demanding an investigation into our capital markets and the fraud and manipulation that exists which goes unchecked."

If you truly believe the markets are that fradulant, then you're the idiot for investing in them. If I went to a poker game where I was forced to show my hand to all players, but they were not, you can be sure that I wouldn't sit down and play.

The fact is, the vast majkority of retail guys have no idea how to read a frigging balance sheet, let alone properly evaluate the true worth of a company. Those guys have no business in the markets, and if they do insist on it, this stuff is going to happen.

What I see on board after board for Venture stocks is guys who think that a vague NR put out by the company ("we believ we've hit minerlzation....will get tests back soon" or something like that) as proof that gold has been hit. You're gamblers, not investors, and then when it doesn't go your way, you whine about it.

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