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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 May 06, 2011 7:49am
417 Views
Post# 18538702

Market should rebound

Market should reboundtoday and next week. Definitely oversold now, check out the shart:

https://stockcharts.com/c-sc/sc?s=$CDNX&p=D&b=5&g=0&i=0&r=5147


So news are welcome for early next week. Get those drills turning (unbelievable how long it takes. That's why we are trading under 0,40Can$. 4 months delay for shallow hole drilling) Delays are killing portfolio performance of small investors, while big investors are taking the chance to accumulate.
You make the most money on delays, just like a few years ago as operations in ecuador were halted. Little investors sold, big investors bought and took the train to 1,36can$.
Same story again!
Bullboard Posts