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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 Cadenon Oct 16, 2012 2:19pm
325 Views
Post# 20489698

Volume speaks Volumes

Volume speaks Volumes

The lack of volume today says allot about this deal and the reverse split. This light volume shows that the institutional investors thinks it a good deal and idea to limit the shares. One of Canacol's biggest problems was the float. Most serious companies cannot be taken seriously with that many shares. The shares that were issued got us cash last year for new lands, and now a new company. I for one support this new move and I am sure allot of the Instut. holders do too. With a lower float big volume days will move this stock. We haven't even traded 1% of the shares off of this news. No One is budging.

 

Bullboard Posts