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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 alfredkkwongon Sep 05, 2013 6:36pm
528 Views
Post# 21721430

Slow but sure progress with EC

Slow but sure progress with ECHi Kivas,

I agree 100% with your post. I have confidence that EC will wakeup quickly after this long hibernation. Mr Lamarque is a man with high integrity and honesty. I believe that he will lead EC
back to the old glorious state where share holders will be happy and confident we will find gold
and lots of gold. The last drill hole indicated that the geology at about 1000m deep was identical to that of FDN and there was gold there. Therefore, I believe deep drilling will enable us to find it.
I have used this EC inactive and low SP period to accumulate over a million in anticipation
for the SP to rebound. I speculate drilling will start mid to end of Sept and the SP will be up $0.25.
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