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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 22, 2010 12:53am
626 Views
Post# 17018095

My opinion on brazil & condor

My opinion on brazil & condorJust a few words.
If we brazil is 100% ensured and we start making our 10mio$ cashflow from our manganese project (DM stated 10Mio$/year) i am against selling the condor property.
The strategy here on the board by some users seems to be to make the situation look bad if we do not sell condor and trying to convince you  or preparing a bad "sentiment" on the "not-selling" news (i personally expect)

In my eyes it is a win-win situation with condor: Selling would bring us 9mio$....not selling it would mean that we still have a multimillion ounce properts which always brang former goldmarca back on trach with some explosive goldgrades.

Would be great to have the brazilian cash-flow and do the resource drilling at condor and exploration drilling at rio zarza.

In my eyes just one news release which tells us that brazilian cash-flow is ensured must give us a share price of 0,50 can$.


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