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Bullboard - Stock Discussion Forum 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... see more

TSX:CNE - Post Discussion

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Post by bullhorn3 on May 17, 2021 11:52am

OhOh

I have owned CNE for a decade and my net is a fraction of buying value. What is happening with CNE reminds me of another stock, a Chinese stock previously listed on TSX. For a year or so, the stock kept dropping, but the potential for success was always present... nothing disastrous happened. Suddenly, the management bought the company, leaving me with a fairly large loss. I complained to Canadian security regulators, but nothing happened as far as I know. CNE should be profitable, but quarter after quarter, things go wrong. Perhaps we can band together and force a change of management before they buy the company for a pittance. Just the thoughts of a poor soul.
Comment by oilwatcher13 on May 17, 2021 12:22pm
Welcome to the GAMBA FACTOR... over promise and under deliver year in year out... if we had a Board of Directors something might happen but we don't.... Gamba keeps the debt high and runs the company without any shareholder accountability. If you listened to the conference call, you notice no Analyst interest in this company, that's because Gamba has continually burned them until thier is ...more  
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