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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 5:03pm
318 Views
Post# 16904913

RE: What a day !

RE: What a day !Could you please explain "WE ARE NEXT TO RUN"  It appears as though a bunch of investors are already running.  I guess the old saying...."buy or rumour-sell on news" might have to be adjusted to "sell or rumour - run on news".

Looks like great weather ahead.  Have a fine weekend all.   

PS. EBTV, or whatever the name is, is calling for $2 next week.  At least s/he is taking a stand.  I would be so delighted for this hyped up venture to get lucky and make everybody happy.   It is interesting that the short position has been covered...I guess deep down everybody likes to see something spectacular...as in.... hope for the best but be prepared for the worst.

Seriously for a second, if the condor sale is officially moving ahead (for real this time) that will add $.20 to the SP imo, and if the early drill hole assays disappoint that will cost approx $.40 per share when the SP stabilizes after a few days.

But, if the drill holes have great gold assays, such as 15 to 20 gpt over 50m the speculation will be wild, imo,  regarding the potential extent of the mineral deposit and the SP could triple very quickly. And I think that is why there is such a clash between the experienced realists like Maestro and the dreamers like ecua and mikey. 

Soon enough, somebody will be declared the wise investor and intellectual winner, and the wrong investors will have to take their jabs, and move forward with their credibility shot and egos bruised..or hide behind a new posting name as many do.

My gut says we will know a lot more by next Friday.

GLTA
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