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.

NYSE:EC - Post by User

Ecopetrol ADR Representing 20 Ord Shs

Bullboard Posts

Comment by Fischlaenderon Aug 17, 2010 8:42am

233 Views

Post# 17356396

RE: Value of Manganese

Management (DM) has always stated that they intend to do a separate Financing for the Manganese Project. That can only be done if they enter into a long-term off-take agreement, they sell a stake or they spin out the Manganese project and by the record of shareholder friendly decisions this management has taken (just remember Atomaer) they will spin it out without shareholders seeing a lot.
Also consider the excessive spendings already so far without any ongoing operation such as Manganese marketing andsoon, G&A expenses will presumably soar into the higher 10s of millions.
JMHO!

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