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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 SwissInvestoron Jul 15, 2009 2:06am
236 Views
Post# 16138136

Hello EC board

Hello EC boardi am new to stockhouse and never read your boards before. In other words i never read stockboards, because i've never needed them for my financial activities. I still don't need them, but i think my input here is very welcome. It's very interested to see so many charakters with so different intentions while posting. I read a few pages of ec board and have to notice that you can delete 90% of the posts, because they don't include ANY interest information.
Time by time i will give you some information, why i invested in ec, but not yet.
I am not a typical junior investor. I do more like bigger companies because they are predictable and you can put a lot of money there and make big money with low risk. But i like some junior plays and had a good hand in the last few years. It's not very credible to put a track record without prooving it, but for me, i don't need it.
Actually i do own only 5 juniors: Colossus, Envolving gold, Avanti Mining, Romarco and finally Ecometals.
I took the chance of the "equadorian stop" to buy and accumulate ec over a few months. i know ec since goldmarca and always waited for the right entry. i am a very patient investor. i took my time to buy the number of shares i wanted and will take my time to follow the whole drilling process and trading activities. i have no price target, because you can't predict the permitting/drilling process, but i will follow the trading activities while we are drilling. i am following the trading action of the houses for 2 years now and i think i can interprate how the drilling is going on by watching the trading activities of the houses. The worst thing that could happen is not getting the permits, but i think there are a sure thing.
King regards to all of you!
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