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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 19, 2010 1:14am
267 Views
Post# 16901602

RE: RE: RE: RE: Looks like shrinking support now!!

RE: RE: RE: RE: Looks like shrinking support now!!If you want to see some nice core Mike, check out TRR.  (Trelawney)

As you probably know, hematite, and magnetite are iron based minerals. Like everyone who holds shares I hope that gold is associated, but at this early stage, I have not set myself up for disappointment.  Hole #5 did not get deep enough to hit the FDN host rock from what I read.  Hole #2 shows the general geology and alteration and supports the pull apart basin concept, but I don't think that EC is expecting to hit good gold grades yet IMO.  Doesn't mean anything except that a lot more drilling is needed. I don't know enough about the other holes yet but I am looking forward to finding out.

I do give Maestro credit for making people stop and think and for some, exercise more diligence when deciding how much risk to assume, or in other words, how many shares to buy.  

Lets hope things go well..but lets not get all upset if the share price drops...lets just buy more shares and support the price.  There is a good chance that significant gold mineralization will eventually be found on the EC claims IMO.

If you can't handle others views, just hit ignore.   I love getting rid of the idiots that already know it all and don't want to have a meaningful exchange.

Your turn...instead of offering some idiotic opinionated analysis regarding fellow posters and how they communicate..try to focus on EC....what do you really think is going to happen with EC over the next month or so?

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