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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 donny2on Apr 06, 2011 12:21pm
225 Views
Post# 18393676

RE: EC= avoid

RE: EC= avoidYour characterization of EC as a "falling knife" is wrong. While the past few years have been disappointing, remember the reasons: The year and a half mining halt called by the government of Ecuador, while at the same time we fought endless litigation with our JV partner (Tocantins) effectively halting all work in Brazil. These are behind us. The new CEO has moved quickly to reduce expenses, sell non core assets, and refined an aggressive exploration program in Rio Zarza. I hold EC precisely because of this exploration potential. The geological promise of our holdings has not changed. Our ability to explore them has. It has moved forward. That is the situation that I choose to focus on. Not the legal and governmental problems of the past
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