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Canacol Energy Ltd T.CNE

Alternate Symbol(s):  CNNEF

Canacol Energy Ltd. is a Canada-based natural gas exploration and production company with operations focused on Colombia. The Company’s production primarily consists of natural gas from the Esperanza, VIM-5 and VIM-21 blocks located in the Lower Magdalena Basin in Colombia. The Company’s production also included crude oil from its Rancho Hermoso block in Colombia (Colombia oil). In addition to its producing blocks, the Company also has interests in several natural gas exploration contracts in Colombia.


TSX:CNE - Post by User

Comment by mjh9413on Mar 27, 2024 2:01am
179 Views
Post# 35954642

RE:Gamba Factor Strikes Again

RE:Gamba Factor Strikes AgainI'm out of my depth with their financials. YTD they incrreased borrowing (which they have done in many quarterly periods) by over $100MM but net capex was $41MM and there is no explanation of the $104MM in additions to PP&E and what are those deferred tax assets appearing in the BS, which increased by $60MM and for whcih there are no notes.  As to Ebitdax it has a large quotient of cash finance costs and taxes paid.and the latter has been ever-increasing making changes in EBD perhaps more meaningful for CNE.
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