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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 Oct 07, 2009 3:49pm
294 Views
Post# 16370679

Picked up

Picked up4000 shares....not much at the moment, but will be worth much much more in a few months (...aru from 0,40 to 40....if ec hits good grades anc a big drilling program will be started (of course by getting permits): 5-10$ are closer than most stockhouse monkeys think). If we don't get permits, we are all f***ed up. That#s for sure. Than we will be trading at 0,25can$>>>>thanks for the brazil cash flow...this will save our lifes).
BUT WE LONGTERM investors are prepared for a manipulation dip under the 50-day ema... there IS a possiblity we can dip to the low 30's(gap) in intraday..or perhaps for 1-2 days
why i am shouting out this so loud? because i know where this thing will be if the drill rigs hit the ground. of course i don't know (nobody knows) it exactly....Intraday charts doesn't matter to me. aru went from 0,40 to 40 can$>>>not in 1 month!
the nice thing is...very much selling the last 3 days...but every sell is a buy. And i saw the same formation in the low 10's.

If we hit aru-like grades...all of us will meet in vegas in 2010. deal ?!
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