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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 Stkdlron Feb 23, 2011 3:59pm
488 Views
Post# 18182598

RE: Gold in trench: picture from feb.22nd

RE: Gold in trench: picture from feb.22ndSwiss, the share price is in consolidation right now. We are still eating through 3.5 million free trading shares which the holders have graciously allowed to keep the sp at its current level. The Mn assets Lamarque still has not provided disclosure on what is happening there and I assume he is working on it.  I do think we will see the sp run soon as they announce the drills are turning. My gut sense is they will find gold this year and it will be good for EC. EC is a lot further advanced than ARU was at this time as well they have geologists support so I see no reason to feel anything but positive. All the geology points to a gold source present at Rio Zarza and looking at the proximity to FDN you have to like the chances of something happening.
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