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Bullboard - Stock Discussion Forum Canacol Energy Ltd T.CNE

Alternate Symbol(s):  CNNEF

Energy Oil & Gas E&P
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

Canacol Energy Ltd > one for five
View:
Post by Kingsale on Mar 09, 2023 4:07pm

one for five

Now, you understand why they wanted such a consolidation : transaction fees are lower, so they can speculate easier. Today, there was a 7% gap between high and low
Comment by cyber37 on Mar 15, 2023 12:32pm
It is not obvious if that (5:1 consolidation) was the reason since transaction fees for more expensive stocks are higher so this could be just a wash. As for the declining CNE share price, company must show progress in their pipeline development. News releases about re-financing are all good & dandy but do bagger all to show real & tangible company growth. It is even more important now to ...more  
Canacol Energy Ltd