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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 8:24pm
247 Views
Post# 16881769

RE: Yeswecan - you are guessing.

RE: Yeswecan - you are guessing.Exactly Ecua..a guess just like everyone else but with a lot of training and experience behind it.  There are some pretty insecure investors here, judging from their reactive posts. 

I am long as stated, do not recommend shorting, and do see a possibility of short term pullback if the current assays do not have significant gold assay.  I have worked a long time in mining exploration and I think that Rockracker in his recent post has it right. This is early on and all the emphasis should not be placed on the present holes. The property has immense promise.

Now for another prediction, when i see people go nuts because a  differing view is presented, I can reasonably conclude that they are poorly educated and unsophisticated and have a high likelihood of loosing.  In this case, let the rude and ignorant lose their shirts...it might be a valuable lesson.

I have previously stated that it is a good exploration play to be a part of, imo, but managing expectations is an important part of doing business.  I am invested at a level that a pullback is an opportunity, or a sudden pop is an opportunity. I am a long term strategic investor and look forward to the lessons that many will learn in the weeks ahead.
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