Ecopetrol ADR Representing 20 Ord Shs V.EC

Primary Symbol: EC

Energy Oil & Gas Integrated

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

Ecopetrol ADR Representing 20 Ord Shs

Bullboard Posts

Post by molark99on Dec 22, 2009 2:35pm

545 Views

Post# 16611500

amazing

Ya know, the more and more I look at EC, the more I think their potential grows. Lets face it, RZ could, should and probably will be their apex, but they have other properties that are worthy of a 10 bagger minimum on their current SP.

Brazil has 2 properties, one of which is proven and sitting on stockpiles of maganese. They also have another property in the works that should kick off in April once they get permits.

In Ecuador, besides RZ they have 3 very intersting properties, one of which, Condor already has 850 000oz proven.

My god people, im not seeing much downside here. 2010 is gonna be a fantastic year for EC IMO.

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