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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 Yeswecanon Mar 14, 2010 4:13pm
275 Views
Post# 16881452

RE: RE: WOW

RE: RE: WOWNothing to bash or pump at this time. Further information is required.

I am expecting increasing volatility in the sp as we get closer to info release day. IMO the expectations are much too high relative to the current drill core samples. I think there is a good chance that the assays will disappoint and I am looking forward to accumulating more shares on any significant dips.

Longer term I am very positive regarding the potential for EC on this property going forward.

The perspective needs to be broadened from a narrow event based market reaction which is based on good assays or poor assays, to a more fundamental perspective based on the true value, if any, of the mineralization in the ground.

It will take years to get there, so direct comparison to Aurelian's FDN is a ploy for scammers, hypsters and pea brains who live in a world of fantasy imo.

I am long and fully prepared to see my shares dip in the next 2 weeks and I plan to accumulate more.

If the shares significantly pop, by some remote chance, I will sell them  because I don't think the gains are sustainable with the paucity of fact at this time.

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