Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 megatronzon Dec 10, 2010 11:55am
255 Views
Post# 17829392

doods, its simple....

doods, its simple....if the management doesn't undertake a severe austerity program NOW, and get the sale of Condor done, they will HAVE TO dilute this thing by another 100 million shares , just to keep thier 'style' afloat in the next year. At the rate they are going , the Mn will be somebody elses by the time they lock down a sale. this of course assumes theres gold on the property, RZ. tthere are WAYYYYYYYYY too many assumptions here, for this kind of spending, and no clear outlook. At least companies like EVG and ADM etc actually have drilled , 43-101 properties. this ridikulous last minute shenanigans AGAIN, is geting so tired, i don't wonder anymore why there would be difficulty filling a PP...
Bullboard Posts