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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 tradesmart1on Nov 07, 2010 5:30pm
620 Views
Post# 17670951

Speculative run to commence soon

Speculative run to commence soonI suspect just like 2009 this is going to go into a speculative run when they announce the second exploration drilling program at Rio Zarza starting in January. Think about what is potentially the upside in this $1400oz and climbing gold market,  This is a no brainer and now is the time to be funneling some gains into this junior which should easily see $1.50 this round before the first assays are released if history is any indicator.

Cant wait for the action ! 
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