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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 jvtayon Mar 25, 2010 11:27pm
403 Views
Post# 16926411

RE: I bought more.

RE: I bought more.Pretty hard for me to be upset.   I'm sitting now with 3x as many shares as I had back in July/August.   Once Eco started running, and esp once it announced the beginning of drilling, I thot it would take off and never come back, but we've had TWO very significant takedowns (ok...consolidations if you're totally anti-any kind of conspiracy / manipulation in the markets, aka, naive IMO) that allowed me to buy double what I already had.   And the story is now even better than it was for several reasons, not the least of which is that we're all that much closer to finally seeing what we've got in the ground.  

Shareprice is what it is, but I never expected it to still be down here.   I would have thot as others have said that there'd have been enough investors out there that missed Aurelian and FDN I who'd most definitely NOT want to miss FDN II...even if it were only a 1 in 3 shot.  But IMO we've got MUCH better than a 50/50...and actually I'd say maybe 70/30 or even 80/20 that it is.   And we already have the model for goodness' sake!!  

Well, I'm taking full advantage of this opportunity.   Sure there's a risk, but looking over the menu of potentials out there, I'm hard pressed to find another jr explorer with more potential upside or more going for it than Eco.   And I've put that challenge out there before to others--show me another better, and I'll buy it.   But I don't believe anyone can at the moment...so I just keep nibbling...jt

$^)
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