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Canacol Energy Ltd (Alberta) 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, VIM-21 and VIM-33 blocks located in the Lower Magdalena Valley basin in Colombia. Its 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. The Company operates over 1.5 million net acres in 11 exploration and production gas contracts in Colombia, located in the Lower & Middle Magdalena Basins. Its natural gas processing and treatment facilities consist of three plants.


TSX:CNE - Post by User

Post by Georgieboy1on Dec 16, 2009 9:33pm
544 Views
Post# 16595331

First Energy came out with

First Energy came out witha target of .75 or .73 today, Jennings did a research paper out on us as well, but couldn't recall their target, and I beleive that GMP Capital did one as well, but unsure of the date there.  Me thinks that Cannacrap might be putting one out for us soon as well.
What's up with Scotia and BMO buying lately??  BMO is good, but to have Scotia, just inching up on the buy side without taking any real big chunks is a smart move.
Blackmont was of nowhere today buying as well!  So, Danny, the beat goes on with solid houses buying huge positions. As long as this continues, the leveling off price continues to rise and build.
The big difference between last week (and months before)  and now is that back then, the .30 -.34 level was mainly just the retailers buying with perhaps, one or two bigger houses, quietly sneaking up to pick up bigger positions.  Now, it's the big boys buying chunks to push us into a solid range.  I sure hope that we can hit the 60's with support like what we have now in the .50s!! George
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