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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 BlueBullzeron Feb 28, 2013 1:59am
193 Views
Post# 21052947

RE: Canacols future

RE: Canacols future

By involving 3 major oil companies in their contracts they are creating more interest for possible buyouts.  They could also be positioning to create a bidding war, because of the massive amount of property they own.  They are basically playing mind games with the bigger companies.  If you were one of the big boys and one of the other big boys was going to buy a shiny and very large new toy that was one of a kind, then wouldn't you want that toy for yourself?  Owning a very large land position in Columbia with proven reserves that is diversified between oil and gas, is not something these 3 companies will want to just let slip through their fingers.  In terms of time frame, I will make no assumptions.  Could be months or years.

Bullboard Posts