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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 Stkdlron Mar 01, 2011 10:24am
281 Views
Post# 18211455

Donny's comments

Donny's commentsGood commentary Donny and your statement about "you speculate in stocks based on the future potential of a company, not the past" is so appropriate to this current operation. Successful people can take a troubled operation (for whatever the reason), clean it up, turn it around and make a success out of it if they have the assets and tools to work with which Ecometals has. William Lamarque is in the process of making something out of EC as his managerial skill set and personality is much different than Daniel Major who was a mining engineer. Lamarque is focused, determined and dedicated to finding a major Au discovery. So looking backward is not any indicator of where this company is heading near, mid or long term.

Price appreciation will come as the operation achieves the milestones starting with the drilling the shallow quartz veins (which we know contains gold), the Brazil Mn stockpile resolution, geological 3D interpretations, deep drilling targets, shallow assay results, start of deep drilling targets, follow up drilling and so forth.  It's worth doing it right and getting the right results than rushing the operations and botching it up.


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