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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 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

Bullboard Posts
Post by werewolf10on Apr 15, 2010 11:20am
535 Views
Post# 16995013

RE: RE: OT....For Georgie

RE: RE: OT....For GeorgieDon't know georgie....He posted that he liked CNE on another stockboard I read (I think it might have been GTE?) I sure don't mind him promoting this stock around stockhouse...if you own it I wouldn't expect you to either. I mean that is why I first noticed it. Long before cannacord starting mentioning it in their letters.

So then yes I did do some DD and decided the best stock upside in that area of Columbia was CNE (IMHO of course). Sold GTE and bought in. It's up about 50% for me and GTE is still trading around where I bailed at. So maybe you can understand my appreciation of the tip? I didn't count the number of exclamation points in his original post so I can't answer that question.

Lets face it no one likes dilution but at least the price is high.

What has me expecting news very soon on innitial flows is the fact they only have 15 days to excercise their options for more. I'm curious if others noticed this as well and are expecting News like myself?

If the News is amazing and they do excercise their options it wouldn't surprise me in the least (think cannacords track record of being in the right stock at the right time). Either way I expect David Prescod to be talking about CNE for the next while. I will post his newsletter if that is the case,

Finally...I'm not selling.....not at this price.

GLTA
Wolf
Bullboard Posts