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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 BigBallerson Feb 03, 2010 12:28pm
189 Views
Post# 16748200

Ecometal

EcometalChart looks a bit depressing, technical traders will sell this (Obviously). Charts do matter regardless of being on the Venture or not. However, Most of us there are here are awaiting for results.

So if you don't want to ride the down ticks, might as well sell.  If you here for the assays, then just wait for news, there's no point of arguing.

All the current indication right now can swing either way.

If you are negative thinking than you will obviously think

1) Drilling deeper cause they didn't find anything
2) Accelerate warrants = pressuring people to get more capital and that Condor deal felt.

If you are positive thinking than you will obviously think

1) Drilling deeper cause they found very nice mineralization
2) Accelerate warrants= Make it easier for them to be bought out by a bigger company.


I came in the dollar range, and have been watching this stock in the sub .30. Back at that time, I felt there were too many risk (Risk of not getting permits, management creditability, capital, political instability).

I feel that most of these risk have been addressed other than political stability. But If Kinross has the ability to drill without interference, than I am sure Ecometals will do just as well.

Also remember, No one provides free public service. There has to be a motivate for everything. I wouldn't go around bashing a stock because I want to help other poor investors. If I were to short the stock, I would pump the stock up and short it.

I am sure a majority of you have some sort of investment background, so you should do your own DD and shouldn't take the opinion of anyone on the BB.

Good luck to all longs. Hoping for good results.

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