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.

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Ecopetrol ADR Representing 20 Ord Shs

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Comment by Nikolaion Jul 05, 2010 1:50pm

389 Views

Post# 17244050

RE: RE: RE: RE: Ecometals Announces New Joint Vent

It's only 1MM shares....potential dilution; thought there was a 3rd option calling for another 500k shares but it's described as a "future call on remaining shares." Investorplus, the question of the moment is would today's announcement look like the best use of 1MM of the company's shares if there were a positive development (take your pick from the positive development bin) and the SP were to react strongly to the upside?

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