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 djgton Dec 23, 2009 3:09pm

576 Views

Post# 16615015

Please hold till January 2nd

I am sure I am in the same boat as many when I say that holding the price around the $1.00 mark until January 2nd would be ideal. While many are jumping ship right now for tax losses I suspect there will be many (including myself) that will be transferring their 5K max into their TFSA on January 1 while the market are closed and then buying on January 2nd to beet the drilling.

Unfortunately, for day traders, this may be a nice play as I am already worried that the price will run up on this idea alone.

Oh well, buy low and sell high....no matter what you're entry is!

Happy Holidays,
djgt
aka Chris Weber

P.S. Weber's Web.....newsletter coming January 2010!!

Bullboard Posts

From now on, dynaCERT instead of Bitcoin or NVIDIA?