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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 thatmareon Nov 18, 2009 1:57pm
479 Views
Post# 16500282

QUestion to the Board

QUestion to the BoardAre we waiting for the okay on the drill permit or the okay to recommence opertations in Ecaudor.  We have the condor project sitting with I think about 850K oz of gold 43-101 that's gotta give us an insitu value of about (conservatively) 600Million @10% discount rate = 60 million which already puts us at over a buck plus the oppportunity at RZ skys the limit.  I haven't even included the revenue from the Magnanese project. Looks very undervalued.
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