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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

Post by renoman1960on Mar 26, 2021 8:11pm
329 Views
Post# 32891671

Parex to much cash looking for acquisitions

Parex to much cash looking for acquisitionsParex is sitting on approximately 400 million cash buying back shares making a ton of cash reserves of 11yrs. Small profile in gas huge in oil. Speculation says they are looking for an acquisition and Cne would be a perfect fit as they are both in Columbia. Sort of makes sense I see Gamba has been ramping of reserves and it's not reflected in share price. Cne is a money maker just need quality management. Could be a nice fit for Parex as well as us Cne shareholders.It would be nice to be bought out after years of dead money
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