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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 jake10on Aug 21, 2010 11:43am
591 Views
Post# 17371554

Still Here

Still HereI'm pretty much in agreement.  If the present drilling on RZ is negative then one of their other prospects will hit.  It's only a matter of time.  They have other good drilling areas on RZ and elsewhere.  And it won't be long before they acquire other big deals with this revenue.  This revenue is gonna open up a lot of doors for them doing joint ventures and other things.  And the stock won't be diluted like so many small companies.  If it goes to .13 again I'll probably be buying.  And it might go there if RZ fails to hit shortly.  Hopefully, they can keep some of these costs down and not get too crazy with this instant cash flow.

It's become a good long term prospect.  Can't be your grocery money unless hole 8 hits.
Bullboard Posts