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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

Bullboard Posts
Post by happylifeon Dec 22, 2010 12:08pm
588 Views
Post# 17882647

I guess the production number confused

I guess the production number confused6750 is tariff production, $13/barrel. That is roughly an equavilent of 25% interest, in my opinion. If that is true, then the total production number should be close to 6000. It is less than the target of 7000. I guess market is not happy about the 10993 BOPD the company claimed.
1.4-1.5/share should be a safe entry point.
Bullboard Posts