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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

Comment by Nikolaion Dec 11, 2009 7:37am
331 Views
Post# 16576750

RE: Gold up 14 bucks...bodes well

RE: Gold up 14 bucks...bodes wellDoubtful of NR on start of drill as they most likely are drilling already.  Visible gold and potential sharing of on-site geochem ahead of assay, yes!   Consider ear to ear smile from the drilling team, geologist, Kinross team gawking over the hillside, etc.   I wouldn't be surprised to see a good pop prior to seeing another NR.

As for non-response to emails, don't expect speed of past replies to happen now, as management has a full plate.  Wouldn't we rather see management focused on key objectives such as manganese develpment and high profile corp. presentations? 

The millions of shares traded this past week are only the early arrivals, tip of the iceberg.  This trend should accelerate.  U.S trading volume is multiples ahead of FFT.   Something that will help European trading is de:gdq1 (FFT symbol) cracking 1 euro.  It's currently in the .70's.

Gold, another misnomer IMO.   Up $14, down 50, up 30 and so on.   EC has been steadily rising while contracted nearly $100 from its short-term peak.   Another $100 up or down is not going to shake where EC is headed.
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