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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 Nikolaion Nov 24, 2010 7:37pm
404 Views
Post# 17754155

PP albatross!

PP albatross!It's suppressing the SP every time they extend the offering.   Meanwhile, the Condor buyers that have been jerking EC around all year are still doing so by not making the initial (proposed) payment until Dec 15.  The twin negatives are reinforcing each other.  It's more than a bit odd that Dec 15 is the rumored day the model contracts will be available.   More fence sitting?
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