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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

Post by SwissInvestoron Apr 13, 2011 1:01pm
458 Views
Post# 18425314

The reason for steady support

The reason for steady supportthe PP was stopped and the buyer from germany and other buyers couldn't get the shares they want. You can bet that they are going to acuumulate shares in the next weeks so i see the actual share price as an absolute bottom.It's a cool buy and hold situation at the moment, because when drills are turning PR will spread the Rio Zarza Story and pump the hell out of it. We all don't know what results the drilling will bring, but it is sure that it will be at leat a great pumping game here hopefully to over a buck.

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