Ecopetrol ADR Representing 20 Ord Shs V.EC

Primary Symbol: EC

Energy Oil & Gas Integrated

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

Ecopetrol ADR Representing 20 Ord Shs

Bullboard Posts

Comment by stockgypsyon Oct 18, 2011 7:17pm

320 Views

Post# 19161218

RE: RE: RE: THIS is not good news.....

Well said mad mike, this is definitely not good news at all. They are out of cash and are scrambling to keep the trolley moving. It seems to me that this is idle money for now. I may buy back in at a later date because I still believe in the potential here, but for now it will just be a waste of time. Maybe 2012 will be ec's year and hopefully I will be riding the train if it leaves the station. For now I am out, I'll wait for 15 cents or less before I buy back in.

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