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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 guidon Mar 19, 2010 12:08pm
385 Views
Post# 16903197

RE: RE: RE: Halt maybe this Monday/Tuesday

RE: RE: RE: Halt maybe this Monday/Tuesday"It's only a bonus if assays are good but they are not essential to the main focus is which is to have a good knowledge of the geological setting of Rio Zarza prior to establishing the main drilling program which is yet to come."


I agree, Rockracker... However, the market will not.  Regardless of the big picture, which I believe you've conveyed accurately, the current price is based (in my opinion) completely on moving in with anticipation of something significant; which will serve as a signal to a longer term potential.

This will go one of two ways in the near term, regardless of the long term view:

1) Much higer on good results
2) Much lower on results that are less than expected (and I feel expectation is high right now)


Those who chuck their shares unless they see awesome assays would be doing so prematurely

Regardless of this truth, it will happen en masse, if results are weaker than expected... This is a social/psychological game, at the end of the day, regardless of fundamentals.




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