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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 lVultureon Sep 27, 2009 6:26pm
236 Views
Post# 16342453

I must be the only one

I must be the only oneon here that is smart enough not to hold shares betting on a 50/50 chance that drilling will occur...the smart move is to constantly keep your eyes out on EC, have it on your watchlist on level 2 and as soon as a breakout occurs on volume you jump in and out...that's what I did last week and I got rewarded...why sit on shares?

I mean I bought in at .37 which probably was alot cheaper than those of you on here who most likely bought from the .40's to .50's and I dump en mass from .56-.60's...took me 20 mins to make around $32 000 bucks and all I did was watched EC daily...now I'm free and clear of any shares and will only jump in once a breakout is signaled...

that move to .50 on friday was meaningless because it wasn't due to volume but one itchy buyer who just had to have EC shares before the weekend was out...now the uncertainty issues raised by INCA makes me happy that I'm not a holder....try sleeping at night if you hold over 100 000 EC shares..i know i wouldn't sleep a wink...hahaha
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