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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 Kivason Feb 01, 2011 2:15pm
248 Views
Post# 18056557

RE: Out of the gate soon

RE: Out of the gate soonThis isn't the first time I've seen large bids come in. I think most of us are eagerly awaiting some sort of news and likely we will get some sooner than later. However, I'm not so sure that this buying today is due to imminent news so much as a few buyers wanting to take or add to a position under 30c. The risk-reward of this play IMO is considerably better when you factor in the Condor sale and the Mn equity we have both in the stockpile and in situ (still in the ground). With our obvious connection to the Chinese markets and managements belief that the stockpile alone could be valued at $1 per share, there is certainly some serious upside potential here. Spec. alone ran this to $1.34 or so previously. Rio Zarza is on many, many people's radars. I don't think it would be surprising to see 35c fall in the next few weeks. Any kind of news and that is likely a certainty.

All IMHO.

Cheers,

K
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