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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 Apr 26, 2010 5:21pm
263 Views
Post# 17032713

RE: Condor news out..

RE: Condor news out..Not surprised, either, but disappointed that mgmt's credibility has taken yet another hit.  So what exactly is it mgmt has said, or might say in the future, that we can actually take to the bank?  Even when they put it in a public NR...in writing...it just doesn't seem to mean much.  Another friggin two months??!!!!!   And then what...another extention?...or another $100K/mo delay??   What the heck use is $100K/mo?...esp when we'd have to give back the $1M if they STILL don't come thru.  And time is money.

My boat's still full of shares, and I'm still planning on feasting on some Eco success someday (and hoping the market doesn't eat my lunch instead), but come on boyz...you've got shareholders out here that are trying very hard to be patient.  FINISH something for goodness sakes!!  Find that gold you implied was within your sights and well defined by the geologics!   Sell some useful amount of manganese.  Forego your salaries for a year as a gesture of good will.  Forget the Dom Perignon and settle for some André Cold Duck.  Buy 2M shares on the open market @$.50.  I sure hope we hear some really truly good news before we hear about the next PP @$.20...now that would just flat out piss me off.

Waiting...but not very patiently...jt
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