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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 molark99on Dec 09, 2009 9:05am
365 Views
Post# 16567996

so

soI was looking at the AUR price history last night, WOW what a ride that would have been !!


It all started from their NR released Apr 5 2006, they hit  237 Metres Averaging 4.14 g/t of Gold and 60 Metres Averaging 3.42 g/t on 2 of 6 holes drilled. Their SP rose from .89 to 3.03 that day !!
The SP rose steadily to $7 by the end May, then on June 2, it jumped to well over $13 !! It finished June at over $18 with a month high of over $23 !!!  And that was $600 gold. Nice huh?
It then traded somewhat expectedly, reaching a high of $43 on Nov 1 2006 !!! So essentially, the SP rose from .89 in Apr to $43 in Nov, thats not a bad 7 months IMO. You think EC's chart looks good, ARU's chart gave me wood !!!


This is just a hint at what will happen if EC hits numbers like AUR did. Now you know why bigboys will be jumping in EC very soon. Should they release NR saying they intersected visible gold in their drilling, it will already be too late for people that arent in as I suspect we see between $2 - $3 on that news alone.
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