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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 Kivason Oct 03, 2011 4:03pm
395 Views
Post# 19113233

RE: going once, going twice

RE: going once, going twiceYes the asks were starting to get slapped around pretty good there. I guess I'll take the +53% on this otherwise lovely day in the markets. 260,000 volume and change. Not too shabby and you can see the types of moves that potentially await us all in the not too distant future once the volume doubles, triples, and goes over a million shares for an extended period of time. Few good deals out there today and certainly prime time for EC interest. If we sustain some momentum here into material news that 25-26 cent resistance will be crushed (and god forbid we get a few green days in the markets). This is all very short sighted though. We're talking multi, multi bagger potential from here if things go well.Cheers,K
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