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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 Yeswecanon Mar 28, 2010 2:36am
367 Views
Post# 16932430

RE: Some Qeustions

RE: Some QeustionsSince you asked Mike, and you now seem to have a more respectful tone, I will add my two cents.  EC will probably have a dead cat bounce next week. I expect the SP will be quite volatile within a $.40 plus/minus $.12 range by my calculations.

The game is just beginning and I expect that gold mineralization will eventually be discovered in the next 2 years.  Hopefully sooner.

This stock will be volatile because of the emotional charge here...the Condor sale completion should be worth a dime to the sp in an up direction.

I do think that EC will see $.20 oer the coming months before it sees $2.00  next year, so for the patient investor I think that in the long run the risk reward ratio still favours being in this play in a cautious highly speculative manner. I was going to buy a bunch at $.40 as stated previously, but I hae downgraded that a bit.  If I can fill for $.35 on Monday morning, I will grab  a pile of shares and sell them for $.45 before Good Friday IMO.  That's my educated guess. 

GLTA
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