lots of cash comingThese guys get way more for their gas then they would if in canada, plus the cost to take it out of the ground is a LOT CHEAPER. GAS in this country of COLUMBIA is a premium . The running this company are all former occidental directors, They know were the GAS IS AND WERE THE DEALS ARE. They are in a oil and gas rich country, contrary to one persons opinion, regarding some kind of terrorists, thats LONG OVER WITH. Its stable. and exploration friendly. They are encouraging exploration and grant all kinds of permits and concessions to bring the gas were its needed. Right now CANACOL has tons of exploration potential ,with pipelines being built to transport this gas. Their gas production this year is going up by 50% very nice . their earnings according to scotia bank is about .14 cents per share NICE.
oNE BIT OF NEWS IS GOING TO SEND THIS FLYING AND ITS COMING . Nothing out there to jeopordize this stock. Wait for it and enjoy the ride to 6.50 according to the latest target price glta