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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 Kivason Oct 03, 2011 12:28pm
484 Views
Post# 19111878

Depth

DepthAsks are extremely thin. Up 30% on less than 30K volume! I've said it before, wait until we start to see some real buying interest and watch the parabolic moves in SP as we trade 500,000 - 1,000,000 shares per day. No one can say for certain after all, but if you didn't think there was a gold deposit of considerable size at Rio Zarza, then you probably wouldn't own shares of EC now would you?
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