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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 SwissInvestoron Apr 14, 2010 1:42pm
667 Views
Post# 16991097

Is it really bad news ?

Is it really bad news ?or perhaps good news?
I told you that i'll be back after the 3rd hole and i loaded up very big a few minutes ago.
I don't know if i am the only one seeing some very positive news here.
Hole number 4
The hole intersected Hollín Fm clastic sediments to 34m, followed bySuarez Fm to 299m, and then Misahuallí Fm to EOH at 450.75m, theunconformity is interlayered sediments and volcanic
150m of Musahualli FM. This is imo a big step forward.

Yes, Misahualli FM...just like FDN. I won't post here in a high frequency like i did before because it is not necessary at this point. I expect a strong close by friday because from the promotion point of view nothing can be more promotionable than the big Misahualli Fm we were looking for. The fact that we intersected the Misahualli Fm in hole 4 shows us that management learned from the first 3 holes, so it is just a matter of time to find the hot spot. We also intersected gold (even if it is uneconomic), but it shows us that there IS gold. And all this was proven with only 4 holes on a BLIND TARGET.

Conslusion: We'll see some tree shaking after a new pump coming in the next days.
And for the record: I bought at 0,28 Can$...the bottom here should be perhaps 0,25 but i think i bought the bottom at 0,28 before some smart players will interprate the news the right way.

Sorry for not answering inboxes and i won't in the near future because i am very busy the last weeks and really have no time to write more than perhaps 3-4 bullboard posts a week.

Best regards to all.




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