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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 CommonSen$eon Jul 02, 2012 7:33pm
548 Views
Post# 20075779

Half full or half empty

Half full or half empty

People have the option to look at any situation as the glass being half full..... or half empty.

As Ecometals struggles to take care of business which it is doing albeit not in the manner they would have preferred there is some incremental progress being made according to Mr. Lamarque which is better than no progress. They are in talks regarding the sale of assets to rasie funds to pay off creditors and continue.

The global markets are in a mess which hasn't helped any of course but eventually things will change and when it does hopefully we may still be here having divested of some assets and pursue the plans for RZ.

If that is the case then the sp is real cheap right now if you believe there is a future here.

 

 

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