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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 Amaladeon Jan 11, 2010 6:11pm
459 Views
Post# 16665937

Why the sell off??

Why the sell off??Go to my previous Dec 15 message.  That's what has happened. Unfortunately, no visible gold in the cores, like the ARU core .  So this means, bad news???.  The SP has dropped because, no VG??.  I think for the company to state this -- VG seen in the cores is perhaps jumping the gun, and is irresponsible, like a BRE-EX scam - Only the lab should state the facts- so many grams /tonne over so many meters.  Then, the company can say, yes look, here is the visible gold in this core. Don't worry, if these cores were no good, the leak of this would have created the same Anonymous trader- on Friday to sell, instead of buying like crazy.  Then buying continued first thing this morning, until bashing got to a few daytraders. Just believe in what you got to do.  Its only one hole so far, and word on the street is that there is a certain type of mineralization that the cores are made of, that usually hold gold and even silver.  IMO, I estimate perhaps low grade- 2-4 grams per tonne over 20 meters? Anything greater than this, and we have a bonanza grade.  However, IMO, the gold is there, and just has to be proven up, just like the ARU deposit.
In the meantime, speculation and risk are the name of the game in this stock.  GLTA
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