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 Valley basin in Colombia. The Company’s production also included crude oil from its Rancho Hermoso block in Colombia (Colombia oil). It supplies approximately 17% of the country’s gas needs and more than 50% of the Caribbean Coast’s gas demand. Its gas fields which produce from the Cienaga de Oro and Porquero proven reservoirs are connected to its central Jobo gas processing and treatment facility through more than 169 kilometers of flow lines, mainly flexible steel flow lines. It operates over 1.5 million net acres in 14 exploration and production contracts in Colombia, with 11 of these contracts focused on exploring for and developing natural gas. These blocks are all located in the Lower & Middle Magdalena Basins of Colombia.

TSX:CNE - Post by User

Canacol Energy Ltd

Bullboard Posts

Post by stock8881on Nov 25, 2009 7:38am

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Post# 16521127

CNE : Update

VALUENGINE RECOMMENDATION
FAIR MARKET VALUATION PRICE
Based on available data as of Nov 25, 2009, we believe that CNE should be
trading at
.74. This makes CNE 54.77% undervalued. Fair Value indicates
what we believe the stock should be trading at today if the stock market were
perfectly efficient and everything traded at its true worth. For CNE, we base this
on actual earnings per share (EPS) for the previous four quarters of -0.14,
forecasted EPS for the next four quarters of 0.01. There are an additional 10
firm specific and interest rate related parameters, each playing a role in the
valuation analysis.
FORECASTED TARGET PRICES
The predictive variables used in Valuengine's forecast target price models