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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

Post by doohonon Mar 26, 2010 6:12pm
397 Views
Post# 16930200

WOW!!

WOW!!I am shocked by all the negative here!! Seriously guys... 2 holes! That's it! They reported on two holes!! How many holes where drilled on FDN??


As far as I'm concerned Christmas cam early for me!! I wasn't around when this thing was .40 cents and under. I got in after the jumop to $1.30+  and didn't buy until under a $1.00! Now I had the chance to LOAD UP today at .37 cents! Maybe it will go lower but I doubt it. Unless maybe Condor doesn't close... but who cares.

They are just starting drilling and have tons of more holes to drill!! They will hit the mother load, it's just a matter of time and we have all seen how fast this thing can jump from .50 cents to .90 cents. I mean really are we that bad... it was just a couple weeks ago when it dipped to the low .50 cent range. So we hit .35 cents today but we also rallied back up over .40 cents and closed just under.

I am sooooo happy i was able to LOAD UP and averge down!! Now when it rallies back up too .80 cents PLUS when they release what I am willing to bet is very good initial info on Hole 3 and then even better when hole 4 is done! We all knew the first couple holes were just to get their feet wet and paint a picture of where to drill next! They already changed the drilling direction on Hole 3 and I am sure Hole 4 will be even better!

But still that's only 4 holes! We have LOTS more to drill and that drill bit will speak volumes in the long term!!

And you haven't lost till you sold!! I don't know who the idiots where that sold over 6 million shares but thanks regardless!!!!

Cheers

I love me JAck as well but I will be drinking to celebrate!! NOT in remorse!!
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