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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 SwissInvestoron Feb 19, 2010 3:33am
393 Views
Post# 16798738

Why there is NO risk buying at these prices

Why there is NO risk buying at these pricesWe have Rio Zarza and Valle del Tigre with the "one-hole-company-making"potential...and TIME.
If we don't hit on one hole we will try to hit gold in another hole and this will always bring speculation into the sp which will always bring us back to 0,60 Can$ even if for example, hitting dust in hole-5 could bring us to low 40's in intraday (no matter, won't drop that fast...but would recover fast and spec on hole 2 will bring us back to 0,80Can$)
Based on the speculation because our concession (and Valle del tigre is very big) is so close to the biggest gold discovery of the century the Sp will always recover and there will always be a way out when you are searching for an exit.
Once the whole warrant/optins/condor thing is over the sp will get back on it's normal track and the ask site will be very thin.

And don't forget: we drilled 600m in hole-5. And just to repeat DORATO hit 18.0 metres grading 35.9 grams per tonne (g/t) gold (no visible gold there)....so let's see what surprises hole-5 can bring us! A interception like this will bring us to 52-week highs in one day.


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