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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 mjh9413on Aug 09, 2019 12:40am
126 Views
Post# 30009527

RESULTS

RESULTSSame old again. Cash down, capex down, prices up, prodn up, BUT DEBT ALSO UP, even if marginally. Debt to Adj EBIDTA is 2.7x. All this drill success, new pipeline and great outlook how come Gamba has made no attempt to reduce debt, when times are good. He has no plans to buy anything but they are forming this consortium for the next pipeline...so all we can expect is MORE debt but no fiscal prudence. JMO. 
Bullboard Posts