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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 akragason Oct 19, 2012 4:39pm
257 Views
Post# 20504747

PATIENCE

PATIENCE

I believe this time around CNE needs to be treated as a long term investment; regardless of what TD says. They have their own interests. The " average "  investor cannot compete with large financial institutions.

However, the facts remain true and sound. Their reserves and land capacity to expand, in my opinion, are key to making sound decisions. On top of that, they are discovering heavy oil with is further incentive to consider the facts and not necessarily be swayed by public opinion.

In my opinion, if you can tuck this one away for a while it might be worth it, especially at this price.

 

Bullboard Posts