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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 May 04, 2011 10:42am
371 Views
Post# 18528380

RE: Any longs left?

RE: Any longs left?I still own a pretty hefty position between various accounts. Haven't sold much over the last 6 months, but like yourself, may consider moving more cash over if a few "other plays" pop in the meantime. I've been careful not to talk about this play too much - either to friends or on various forums. I'm still in the accumulation phase :)I've said it before... history will repeat itself and spec alone will make this a multi bagger from current levels. If they actually "gasp" hit gold then all bets are off. Decent chance of that happening this time around IMO since they have really gone "all-in" on Rio Zarza via sale of Condor and Mn stockpile. One question I have yet to get answered is if there was any value or future consideration given to the in-situ manganese. I was led to believe that there could be an equal or greater amount in the ground.

Cheers,

K
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