Emerging Markets like Colombia will be the winner!! Ecopetrol will be one too!!

whitewidow says on Mar 22, 2009, 21:23:

However, Ecopetrol is dropping major amounts of cash right now trying to grow.

Cassie eats cockroaches

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makopp5 says on Mar 22, 2009, 21:25:

Good investments when it´s cheep. That are the best investments

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whitewidow says on Mar 22, 2009, 21:25:

that is their logic too, so i read.

Cassie eats cockroaches

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makopp5 says on Mar 22, 2009, 21:27:

no debts. That´s also important in dificult times. Lots of future ahead lots of places to find oil in Colombia and other parts of the world

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whitewidow says on Mar 22, 2009, 21:36:

i wish it would not in my household.

Cassie eats cockroaches

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makopp5 says on Mar 22, 2009, 21:37:

Colombia is exporting a little bit of oil, but it´s not too much. Longerterm it has great potential. In how many places it was not possible to explore for oil in Colombia and now it´s possible.

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whitewidow says on Mar 22, 2009, 21:41:

alot of natural gas in colombia.

http://www.eia.doe.gov/emeu/cabs/Colombia/NaturalGas.html

http://www.ipaa.org/issues/international/2005-Colkit-Energy.pdf

Cassie eats cockroaches

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bickerss says on Mar 22, 2009, 21:45:

Gringoloid - in relation to oil and continuing demand, have you read Stephen Leeb? He is very pro oil (and commodities); just read his latest book and was eye opening. Looking at Petrobas, SLB and transocean at the moment; will have a poke around to look at Ecopetrol.

Investment Strategy - buying when others are crying!! Offloading when others are gloating!!!

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makopp5 says on Mar 22, 2009, 21:49:

poblation is growing so we need commodities on longterm.

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La_Huella says on Mar 22, 2009, 21:55:

The Saudis in particular are real pissed off at their "allies"· the US.. they feel betrayed in every conceivable way. They are bleeding pretty badly right now and don't want to put any more money in. I bet a lot of that money finds its way to Colombia instead.

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makopp5 says on Mar 22, 2009, 21:56:

So you have to have your money here and not elsewere.

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poco says on Mar 23, 2009, 07:56:

Quote: yes, good company; but will the usa demand for oil remain steady and rising?
========================
I don't think this will make much difference. World wide,, or at least until I see a Semi/Bus/Train/plane with a windmill attached, oil will always be worth something,, probably a lot in relation to currencies.

So,, I've decided to own oil related equities and one copper company as a hedge against inflation. Gold is OK but there has been a steady rise in oil stocks,, Hey ,, not a bad sector for trading. One company up 5% two days, 35% since Jan. Time to sell, again.

Damn,, Oil up and gold down/up,, Hummm, Gold up 10% since Jan.. not bad.

Plus, Obama does not seem to be a big supporter of Coal,, Hey,, isn't Coal a Colombian BIG export,, damn,, first Free Trade now Coal,, I think the guy has a hard on for Colombia ? Then again,, China needs coal.

Colombian Chickens are crowing about the new President of the U.S. who will assure that From each according to their ability to each according to their need.

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bickerss says on Mar 23, 2009, 09:23:

Gringoloid - thanks for your input on Leeb - appreciated. I found his book quote a v'interesting read and also note with interest your comments in relation to him.

Investment Strategy - buying when others are crying!! Offloading when others are gloating!!!

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poco says on Mar 23, 2009, 09:56:

Quote: poco, where you are going to see those planes is in the plane graveyards, like in victorville, ca or tucson, az.
====================
Interesting link but planes get old and are scrapped.

One of my first jobs stationed me in Roswell New Mexico,, I'm thinking 1971? Roswell has one of the longest runways in the United States,, abadoned military base. The 747 is what? More than 40 years old and many flew international flights ? Lots of miles.

I got to watch the Cargo Version of the 747 being certified, the passenger version had finished it's cerftication.

There were many impressive tests,, touch and go, stall speed, etc. but the one that stands out if my mind is the ABORT on take off. I was amazed,,, the jet would reach a speed and the pilot would apply the brakes and reverse thruse,, A 747 in a smoking skid down the runway,, something I'll never forget. When the plane stopped loud noises like a shotgun being fired caught my attention,, I asked and was told it was the RELIEF valves on the tires blowing. Then,, amazing,, they rolled out new tires and wheels and did a change on the runway.

Humm,, swim to Colombia ?

Before that happens it looks like some good deals on flights.


Remember,, it's not how bad things become, it's how bad things are for 99% of the people and how to avoid being in that group.

Colombian Chickens are crowing about the new President of the U.S. who will assure that From each according to their ability to each according to their need.

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poco says on Mar 23, 2009, 12:05:

Quote: nuclear may do just as well and it seems to be correlating to oil.
==========================
I agree but,, in my opinion, that means more private jobs both in engineering and construction,, lower electricity rates and,, gosh,, while the administration wants to create jobs,, it seems shovel ready jobs (have knowledge of shovels ?) is HUGE.

Investments in a sector that would create good jobs in Manufacturing, Engineering and Construction, lower electric rates, reduce dependence of foreign oil,, not a priority,, well,, we'll see, I hope you're right.

I just traded a lot of GE (up 7%) and KBR (up 4%),, my nuclear plays. I'll buy them back for less,, maybe not.

Damn,, I'm lucky,, news flash,, there was a strike on a rig in Brazil,,, PBR??,, ha, ha, ha, I'm 90% sold,,, come on unions,, do a number !!! Maybe I'll move ?

Know who else rides it down,, Jim Cramer,, still,, he is a source of research tips and a good entertainer. He would make a great politician, that guy can come up with amazing 180 degree changes, mostly after the fact. Let’s see,, his big favorite Sears,, SHLD. 108 to 42 in one year,, Ouch,, Ruth’s steak house RUTH,, 7 to 1.32 in one year,, yikes it’s up big in the last few days,, anyway, off the sub one buck lows.

Colombian Chickens are crowing about the new President of the U.S. who will assure that From each according to their ability to each according to their need.

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BillBigD says on Mar 23, 2009, 20:57:

The Saudis- I bet a lot of that money finds its way to Colombia instead. Yeah right LOL

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La_Huella says on Mar 23, 2009, 21:33:

Yuck it up furball.

It sure as shit ain't going to the US anymore you can count on that. And the Saudi's already own 8% of the whole country. WATCH what happens when they pull out. There's gonna be one helluva draft coming into that big anal gape.

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goin_south says on Mar 24, 2009, 06:11:

Mobius is a pretty smart guy.
And, wealthy to boot!
Maybe he's got some good news, eh?

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poco says on Mar 24, 2009, 08:59:

The subject,,,

BOGOTA, Colombia, March 20 /PRNewswire-FirstCall/ -- Shareholders are hereby reminded that the Annual General Shareholders' Meeting of Ecopetrol S.A. (EC:$18.25,00$-0.45,00-2.41%) ("Ecopetrol" or the "Company") will take place on Thursday, March 26, 2009, starting at 9:00 a.m. (the "Meeting"), at the International Center of Business and Exhibitions (Centro Internacional de Negocios y Exposiciones, Corferias), located at Carrera 37 No. 24 - 67 in Bogota, Colombia.

The meeting will be broadcasted live on local TV (Canal Institucional) and on the Company's website. That's 9:00 am,, Colombia time,, this Thursday.
=============================
BTW: If you're some kind of fruit case crusader,, well,, don't bother to go in person,, looks like a NO SHIT meeting.

EC is on the NYSE. Ha,, not much volume,, 40K shares per DAY,, today,, humm,, 5,400 as of 10:39.

Stock up about 20% in the last month but shows zero gain year to date?. Maybe,, is this possible,, EC has the technology to slant drill into the Chavez Black Gold Honey Pot and suck a little out ?

OH,, gosh, they are doing something else very strange. We can only hope the U.S. administration does not get wind of what's happening. EC (those oligarchy bastards) is sure to be slapped down for trying to make money and increase the energy supply.

Thinking about it,, the administration seems too stupid, plus,, acting like a pack of dogs that bought an AIG fire hydrant and are gleefully pissing on their new toy should keep them occupied.

There might be some oil they can find in Colombia,, not that I’ve heard of any,, which might explain why they are on the present course.

Think I’ll buy some at 17.51 before the meeting,, if it drops that low. If not,, at ?? after the meeting. Then again,, I might change my mind,, or,, the whole idea might seem stupid.



English Home Page: http://www.ecopetrol.com.co/english/categoria.aspx?catID=167

Colombian Chickens are crowing about the new President of the U.S. who will assure that From each according to their ability to each according to their need.

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Tinto (Moderator) says on Mar 24, 2009, 09:03:

All things considered, EC has held up very well over the last six months (the USD price on the NYSE). Oil plummeted and the dollar soared, a double whammy for a US shareholder, and it just bumped along at $16 to $18 per share.

Compared to the rest of the stock market "dead money" like EC looks pretty good.

I wanted access to health care, housing and education, but, no, I get potholes, trash and silicone tits instead. -Desi.

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poco says on Mar 24, 2009, 09:21:

Quote: Compared to the rest of the stock market "dead money" like EC looks pretty good.
==================
Humm, let's see,, you peeked didn't you. Since the first of the year,, this is what happened, approx.
EC same
COP down 25%
XOM down down 12%
My favorite,, buy, buy, buy,, help poco's retirement in Colombia or at least purchase the next plane ticket;

PBR up 35% Hummm, maybe I'll stay light and get some,, ???,, nookie in Colombia !!!

Colombian Chickens are crowing about the new President of the U.S. who will assure that From each according to their ability to each according to their need.

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Tinto (Moderator) says on Mar 24, 2009, 09:27:

Nope, I bought some last fall around $18 USD. It was a 'set it and forget it' purchase. I think it will do fine over the long haul.

Besides, when I get audited by the IRS I can honestly say, "but officer, I own several Colombian stocks and I drink Juan Valdez coffee, whaddya mean I can't deduct my trip to San Andres."

I wanted access to health care, housing and education, but, no, I get potholes, trash and silicone tits instead. -Desi.

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poco says on Mar 24, 2009, 09:55:

Quote: Nope, I bought some last fall around $18 USD. It was a 'set it and forget it' purchase. I think it will do fine over the long haul.
============================
Maybe because EC is bidding on Gulf Blocks.

============================
HOUSTON (Dow Jones)--Colombian state-controlled oil firm Ecopetrol S.A. (EC) is making a splash in the U.S. Gulf of Mexico, where it became the 10th highest bidder in a federal lease sale, slightly trailing industry leaders Chevron Corp. (CVX) and Exxon Mobil Corp. (XOM).

http://online.wsj.com/article/BT-CO-20090319-711018.html
===================================
EC should continue to work with Brazil. No oil,, who cares with Bikini's like this,, notice the Cola Cam Man,, bet it's a Nikon.

Colombian Chickens are crowing about the new President of the U.S. who will assure that From each according to their ability to each according to their need.

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poco says on Mar 24, 2009, 11:57:

Damn: The rear view of those Bikini clad women made me jump on EC,, yep,, going LOOOOG and I've already made $75 dollars !!! NO,, wait,, that's 75 cents, Oh well, the rear view,, made me do it..

Brazil / Colombia a pair that needs no implants.


UPDATE: Ha,, up,, Ha,, PLUS, $3.75,, in what,, 30 minutes ? $7.50 per hour,,, more tha minimum wage,, Maybe double up?,, or should I wait to see it weakens?

Colombian Chickens are crowing about the new President of the U.S. who will assure that From each according to their ability to each according to their need.

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poco says on Mar 25, 2009, 21:15:

Quote: but he says the stock market hits bottom three months before the economy starts to pick up again. so Leeb is saying that the inflation, and the stock market will go wild in about 3 months.
=======================
Hard to call a bottom. Bottom at todays prices? or Tomorrows prices? Would a 50% gain in the Dow equal real dollars, or inflated dollars?

I think inflated dollars. The Stock market might be the ultimate hyperinflation hedge if you can pick a survivor. Alas, I'm losing my ass, Ha,, a poet and didn't know it,, on EC down,, 20 bucks,, there goes my retirement fund.

Colombian Chickens are crowing about the new President of the U.S. who will assure that From each according to their ability to each according to their need.

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La_Huella says on Mar 25, 2009, 21:24:

that about sums it up.

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bickerss says on Mar 25, 2009, 22:12:

thanks gringo loid. I ordered his year subscription so will send you if you wish.

Investment Strategy - buying when others are crying!! Offloading when others are gloating!!!

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Ken says on Mar 26, 2009, 10:49:

Opinions are like assholes - everybodies got one.

I hope he´s right, than I can afford to retire in style- gold diggers or not.

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asdfn says on Mar 26, 2009, 13:58:

if we hit a bottom, its a bottom in terms of dollars, and nothing else imho. I've got leap positions to over hedge inflation and delevering in equities. I don't see one of these bets not paying off big. love the commodities story, esp energy and ag.

the arabs are notoriously the worst market timers. to oversimplify, growth fueled high oil lines their pockets so they invest while high oil is simultaneously having a negative feedback effect on growth, killing their investments.

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poco says on Mar 26, 2009, 14:21:

Quote: the arabs are notoriously the worst market timers.
=====================
That is unbelieveable but true as far as I can tell. Citi,, oooops
http://dealbook.blogs.nytimes.com/2009/03/02/saudi-prince-is-humbled-b...

I don't want to believe the Saudi's or UAE guys are that stupid,, I didn't believe they could increase production to halt upward momentum of the traders. Markets control price,, producers control production.

but maybe they are,, this is an email I recently received,, bad news. and I thought they would weather this with no more problem than other countries. These guys make the U.S. congress look like,, well,, they have a brain.

Cut and Paste,, or look up the link,,,,some of both.

DUBAI, United Arab Emirates: Sofia, a 34-year-old Frenchwoman, moved here a year ago to take a job in advertising, so confident about Dubai's fast-growing economy that she bought an apartment for almost $300,000 with a 15-year mortgage.

Now, like many of the foreign workers who make up 90 percent of the population here, she has been laid off and faces the prospect of being forced to leave this Gulf city — or worse.

"I'm really scared of what could happen, because I bought property here," said Sofia, who asked that her last name be withheld because she is still hunting for a new job. "If I can't pay it off, I was told I could end up in debtors' prison."
(read more) http://www.nytimes.com/2009/02/12/world/middleeast/12dubai.html

Debtors' prison ? Looks like that's why folks are leaving their cars at the airport with "Good Bye's"

well, it might take a little time for them to recover,, don't you think ?

Colombian Chickens are crowing about the new President of the U.S. who will assure that From each according to their ability to each according to their need.

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asdfn says on Mar 26, 2009, 15:14:

I'm not racist, but it is fair to say their culture is 100s of years behind the rest of the world and they built emerald city in the middle of the desert. one day alien archeologists are gonna be scratching their heads over that one.

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