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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 molark99on Aug 12, 2010 7:48pm
402 Views
Post# 17346900

wow

wowHow the mighty have fallen !!!  I havent even looked at this stock in a couple months, all the way down to 14 cents huh?

So am I still stupid for selling at 1.20 originally? Or maybe I realized something that others didnt? Its not like I didnt try to tell people, but they know better than I do I guess.

I must say though, I never in my wildest dreams imagined EC falling back to 14 cents. WOW....having not read any of the recent developments ( if there have been any) I can only assume mgmt are a bunch of bumbling dingbats. I knew they had a high burn rate on cash before but figgered they would atone for that with drill results, etc.

Oh well, you guys hang in there, gotta be just a matter of time until rio zarza hits something, condor sells, prolly at twice the asking price and of course brazil comes to fruition. Just a matter of time, maybe next week.That will get that private board hopping I bet !! Actually its prolly useless to sell your shares at this price, may as well hang on for dear life...they cant go to zero...can they?
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