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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 freedom045on Aug 03, 2009 11:20am
348 Views
Post# 16186637

RE: Ecometals at 6 cents...

RE: Ecometals at 6 cents...ghislander, like you I've been holding this for years already, I originally liked the condor drilling so I jumped on board and built a position. My average (pre reverse split) was $0.19. Over the course of the years as GML/EML tanked I always figured that the Atomer holdings and the Manganese would have to be worth something, and in escence ensuring the survival of whatever entity that arose after the recession.

After the share consolidation during the markets bottoming process I managed to pick up a wack at $0.06 and then another smaller chunk at $0.165, still believing in Condor, the atomer holdings, and now the Rio Zarza prospect! But to be honest I felt that EC got far too little for the holdings and I was shocked and disappointed. Well, the manganese is definitely worth something significant!

At any rate, EC came out of this not too bad at all, money in the bank and probably the hottest drilling prospect anywhere right now! I admit I took some profits on friday, but I wont be selling anymore anytime soon. Bring on the permits!!

Good luck to all the longs (pre split and post split)!
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