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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

Comment by oilwatcher13on Apr 20, 2022 3:47pm
170 Views
Post# 34617748

RE:No exposure to increasing NG prices

RE:No exposure to increasing NG pricesBuybacks are limited because they are spending 200 million on exploration costs and just refinanced and borrowed 180 million dollars more than the actual refinanced debt amount... after touting they were going to lower debt to revenue as a 2021 target...LOL

Not making much money but spending a ton, story of GAMBA Management... but good ole Charle is making a ton...

JMHO
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