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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 Fragmanon Dec 22, 2009 10:35am
382 Views
Post# 16610227

Why bother drilling ?

Why bother drilling ?Kinross is drilling within 1/2 mile of EC claim.    Kinross needs to prove up their reserve.    If they do then the natural course of events will be to get rid of EC.   Why would EC risk not hitting paydirt and kill the shareprice.?   If Kinross hits good values we will benefit even more than they will vis a vis share price.   look no further than galway.   Galway is drilling now despite being surrounded by big players who will also take them out.
Save the debt financings.  Save the cash.   Let Kinross do the heavy lifting.   We will be the bigger beneficiary.
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