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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 sunnyday1on Feb 02, 2010 4:12pm
293 Views
Post# 16745197

SP will be much higher

SP will be much higher

EC decides to announce warrant conversion after extending Hole 5 (perhaps visible gold)

 

Company expects most of the warrants to be converted on Feb 26h

 

Current PP holders will only convert the Warrants into shares by paying cash, if the SP is much much higher than today by Feb 26

 

Conclusion: SP will be much higher by Feb 26.

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