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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 Aug 03, 2011 9:33pm
601 Views
Post# 18901594

RE: RE: RE: News Release???

RE: RE: RE: News Release???ajec: well said, and thanks for posting. Willie Lamarque has a banking background at Rothschild. He understands that
"paper folds on a crease". That means rather than wasting time and energy with mindless PR, act only from a position of strength to achieve maximum effect. He has said in his management interview that the market will reward success - not just drilling success, but also executing on all it's other strategies. That includes utilizing the funds from the Mn sale to expand the company's portfolio to other properties and operations - to enhance valuation by expanding the potential sources of EC's revenues. Given the contacts he undoubtedly developed at Rothschild, I have no doubt that he will be quick to spark institutional interest in EC at the proper time. And that he will be sure to release a progress report on drilling activities, also at the proper time.
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