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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 deanthebeanon Apr 14, 2010 8:18pm
312 Views
Post# 16992820

RE: RE: RE: Too funny....

RE: RE: RE: Too funny....kingdaddy, I'm not convinced that there is enough money to drill the next 2 holes, lol.  Not to be technical but so far there are only 3 holes of dust confirmed.  I think it is a no brainer at this point to hold at least until hole # 4 (with the 150m of misuahali)  is assayed.  I am tempted but also reluctant to add (average down) at this point.  The only short term upside potential can come from Condor sale confirmation (which may add approx. 10 cents) or from VG on current hole ( I know, I'm dreaming ).
   What is the general consensus amongst the hard headed longs (myself included), Hold or add??
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