Ecopetrol ADR Representing 20 Ord Shs V.EC

Primary Symbol: EC

Energy Oil & Gas E&P

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

Post by SwissInvestoron Jan 30, 2011 1:57am

522 Views

Post# 18046602

Closed the week over MA50

in the weekly chart. The last time Ecometals crossed and closed the MA50 on the weekly basis was in July 2009.
What followed was a rally from 0,20 to 1,36.
Take a look:

https://stockcharts.com/c-sc/sc?s=EC.V&p=W&b=5&g=0&i=t77847116873&r=6361

I am sure i am not the only one who is a bit surprised by this weeks strength of ec's share price compared to the market.
An interested week is coming for us. Someone should follow it very very closely because when she runs, she runs fast.
Technicals look good, and they reflected always what's going on behind ec's scene. We need more volume to prove it

Bullboard Posts

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