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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 megatronzon Dec 03, 2010 1:22pm
235 Views
Post# 17796866

RE: 3 problems for EC

RE: 3 problems for ECIm not so sure about #1. at times i agree, but you could have said that about ARU for awhile before they hit the real deal....all the bonas? drilling was like condor, no real excitement, then blam. actually EC could be in better shape as they have potential for some cashflow, unlike 99% of juniors out there. if they hit anything decent, they'll look like genius' if they don't they're 'over paid bums'.......basically the drilling has to prove something , and the sales of material MUST start going thru UNIMPEDED to convince anyone this is going anywhere .....
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