Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 donny2on Nov 25, 2009 7:23pm
363 Views
Post# 16524523

RE: RE: RE: well

RE: RE: RE: wellNothing of significance will happen until we get the approval to commence drilling. And, as much as we don't want to accept it,  there is a fear that it won't be forthcoming quickly. The large institutional buyer, who is well acquainted with EC, will not commit until approval comes across. Why would they commit? Paying up 20 or 30 cents is nothing more than an option to them- wait until we get the go ahead, then act . When we get the go ahead there will be a huge expansion of volume, and a substantial move in price. The Aurelian story is well known, and EC's holdings at Rio Zarza, and it's similar geology, well documented in the institutional community. Unfortunately, our problems with litigation in Brazil (stemming from our JV partner) and the Ecuadorean government's one year mining halt have made institutional investors very cautious towards EC.  We have not "fired on all cylinders". Yes, it is an extraordinary opportunity. But we have to have perspective of the broad market. Moving up or down a few cents on modest volume means nothing. The bigger "stuff" will only happen when we are clear to drill
Bullboard Posts

USER FEEDBACK SURVEY ×

Be the voice that helps shape the content on site!

At Stockhouse, we’re committed to delivering content that matters to you. Your insights are key in shaping our strategy. Take a few minutes to share your feedback and help influence what you see on our site!

The Market Online in partnership with Stockhouse