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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 bionicjoeon Jun 16, 2019 11:08am
124 Views
Post# 29830143

RE:RE:NEWS - Big discovery tested 33 MMscfpd

RE:RE:NEWS - Big discovery tested 33 MMscfpdUntil the market actually sees a wow 'em financial quarter it will not be convinced CNE has successfully made the transistion to a profitable gas play. Most investors don't understand that Colombian gas prices demand a much higher dollar than North American natural gas but they do know a profitable quarter when they see one. It's all about the money. Just show the market more of latest gas finds and convince investors that you are paying down debt, not adding to it, and the sp will respond.
Bullboard Posts