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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 TorontoTrader77on Jan 31, 2010 1:30pm
435 Views
Post# 16737270

Only news

Only newsmake a company moving to bigger market caps in the long term. All this short term ups and downs resulting from panic selling or good news rumours only take a little effect on the company value.

I remember swissinvestor writing down some scenarios which i agreed with.
Ecometals will move to unimaginable price levels if we hit only 1 of 5 holes with aru-like grades in phase 1 or we are going back to the low 30's hitting nothing on they one of bad news.
But you will never lose all of your money with ec because there will always be speculation starting with a new drilling on rio zarza or the "new play" valle del tigre.
So keep cool ;)

All i can say is, expect some surprising in the next 1-2 weeks.
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