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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 goldtoeon Feb 23, 2010 8:23pm
492 Views
Post# 16813059

early innings

early innings
but from what we know right at the moment everything is slowly painting a picture that could end up being a classic... ARU had it's ups and downs early on and it won't be any different here. This has already become a very popular stock and i think for good reason.

Kinross has been drilling right by EC's property limit and if they happen to intersect gold in their cores then this whole thing will get "white hot" quickly.. maybe as one poster already suggested that Kinross might think that the best time to make an offer to EC would be sooner rather than later.. especially if their drilling has been productive!

So many things can happen early but i've got confidence that if there's gold mineralization where they are drilling.. then EC will find it.. sounds like quite a deep running system.. and already we see that EC and ARU's intersections seems to be at about the same depths.. can we expect the same types of grades? I think quite possibly we'll see the grades match up pretty well.. much more drilling to do though.

There are many spec. plays out there in venture land but only a few have the necessary ingredients to make them possible life style changers.. hope is a good thing and if it's meant to be then we'll find just what is needed to make all shareholders (long) prosper...
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