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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
Comment by akragason May 19, 2012 7:48am
306 Views
Post# 19928461

RE: CNE = Exxon, Shell, Ecopetrol, Sinochem,Sclumb

RE: CNE = Exxon, Shell, Ecopetrol, Sinochem,Sclumb

hence the question remains; why in hell has this stock dropped to an almost 52 week low given its enormous potential? It met resistance at $ 1.05 and it could not break through.

Could one of the problems be that the transportation costs are huge given that inadequate pipelines are not in place yet?

I'm personally waiting a little longer to see if indeed it keeps dropping.

Bullboard Posts