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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

Comment by pogon Mar 03, 2010 10:14am
358 Views
Post# 16837528

RE: hey

RE: heyActually this is what lex said: This week we saw Ecometal-EC jump up on Feb. 23rd as much as 80% in one day on some positive news. Most investors who are in this stock believe this could be the next Aurelian just because they own the property next door-Project Rio Zarza. On the day of the run up I recommend those who bought the stock below .70cent to take profits because a pull back was to be expected after a nice run up. The stock did pull back 2 days later to .83cents. I had to opportunity to pick up shares at .85cents and will be buying more if it goes lower. Yesterday, the stock had a strong finish and closed up 18.18% at $1.04 with some nice volume. The buyers are back in buying the stock on anticipation that the drill results will be a home run. Closing above $1.00 was very positive for the stock and it appears it might stay above $1.00 until we see the next drill results. I recommend buying on weakness,..this is one stock you want to hold onto if you are speculator. https://www.ecometalslimited.com/ ----------Original Message Posted 3/3/2010 9:51:01 AM---------- Prety quiet this morning ?
Is that the calm before the storm ?
Or are we gonna see the .70 like Lexluthor said ???
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