Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by goldtoeon Feb 22, 2010 8:03pm
371 Views
Post# 16808871

RE: RE: RE: pull back?

RE: RE: RE: pull back?
Let's not forget many were holders of this from over $1 down to the .60's.. so the oullback spoken of is not that straight forward robbie25.. like was mentioned this wasn't the initial runup.. sure their were first time buyers today and some will take profits. The folks that play these gold systems know that the upward movement is just getting started.. so it's a question who wants to trade each day and who wants to ride EC for what it's worth...
It normally isn't a good idea to double down but found myself doing so today.. .85 cents.. if we are fortunate this will be a large system of 8M ounces or more. Many will start to wonder at what price managment will want to do a PP.. however let's not forget Condor.. if the sale goes thru like i suspect then there's little reason to go to market anytime soon for cash. It's early folks, but it's looking real good. :)


salute
Bullboard Posts