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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 SwissInvestoron Apr 28, 2011 11:38am
480 Views
Post# 18500866

This walls

This wallsat around 0,22 show us that some really nice speculation run is coming soon. From the big asks you can see that more players are involved and want more shares. those players will pump the hell out of ec when we start drilling or they think they have enough shares.(those which PP was canceled). We will soon see a runup when there are a nice amount of shares up to 0,30. I bet they will buy all of them. We just need the start of the drilling program. everything is prepared at the IR to promote this stock. When you buy here you will make a lot of money in the near term just on speculation. what will happen after drill results we can't say now. But the speculation and IR pumping will bring us to the high 60's /low 70's in a few weeks from now. This is how the exchange works. Let's hope for market conditions like today and this is 100% a no-brainer.
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