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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

Comment by Georgieboy1on Jan 18, 2010 10:31pm
315 Views
Post# 16693104

RE: A strong bid at the close.

RE: A strong bid at the close.This reminds me so much of the .30-.34 stage that we were at for the longest time back in the summer which is when the bigger houses like First Energy, GMP, Research Capital, and Jennings were loading up.  Mind you, Jennings, started loading up beyond .34 as well as they were chasing up the bids having missed their fills.   Nevertheless, I'm very content to see this just cruising at the .60-.62 level.  Let the nervous nellies sell now...he he he!!! It doesn't take much for this gem of ours to move into the next phase.  Sit back and watch the paint dry!!!! Remember, as I stated earlier, it was just like the summer; however, the biggest difference here is that people now know about CNE plus the price of oil is looking to be  bullish again....at least, for the next few trading sessions, it does!!!George
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