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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 johny52on Feb 02, 2011 6:52pm
224 Views
Post# 18065225

RE: RE: RE: wow

RE: RE: RE: wowI agree with you as well Kingbear that the price will not move up untill a news release.  There must be some issue or planning reasons as  to why they are not drilling. I highly doubt EC is currently drilling.  I know that someone stated that they might be waiting for the new CEO to make a trip to Ecuador before things get underway.  I am patient and i hope that when they release news it is well timed and valid.

Just pure speculation on my part but this will make for good conversation during boring times:

Reason Why no news and drills not turning

-My personal favorite rumor and pipe dream - Hammering out a deal with Steve Leary to run the project? 
-Maybe waiting on data from Kinross?
-Working on a deal to sell maganese to Chinese for lump sum?
-Who knows maybe they are waiting on deep hole data still?

What does everyone else think?
Bullboard Posts