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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 18, 2011 7:05am
442 Views
Post# 18954924

RE: RE: RE: A note from William Lamarque, CEO

RE: RE: RE: A note from William Lamarque, CEOThanks Ironmask.  All Lamarque is doing is stating that he does not want to be seen as a manipulator. In my correspondence with him,  his plans for Rio Zarza  are quite detailed. More importantly, his plans to fund exploration with the sale of non core assets is well constructed. He does not hide that. Privately, he voices frustrations with the low share price, but knows the only way to move it is to achieve success with his plans, not in PR. I have mentioned to him the risk of not releasing news - it leaves him vulnerable to all sorts of stories, and he is aware of it.  He seems to be a level headed, business-like manager. Not a promoter. I respect that, and as a shareholder I am content to let him work towards achieving his objectives.
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