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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 Kivason Sep 05, 2013 1:46pm
380 Views
Post# 21720635

Gradual Climb

Gradual ClimbIt does appear from what I see and my discussoins with management that we are likely going to start climbing back toward 10c or so. With an official drill program announcement / commencement of drilling, I think the spec takes us north of there. Then of course the long, long, long awaited drill results from RZ and who knows. A lot of the long timers that had written this off are undoubtedly pleased with the positive turn in events (myself included). You make a decision at a certain point to either go down with the ship or hang in there and hopefully your perserverance is rewarded. Management never gave me the impression that they were throwing in the towel so I decided to stick around. There is a lot going on behind the scenes - with other opportunites and at RZ. Kinross would have been an obvious candidate to take us out if we found gold, but thier "departure" has left the door open for countless other suitors. Very interesting dynamic in the area right now. Cheers and all the best to SHers.

K
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