Canacol Energy Ltd (Alberta) 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 (Alberta)

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Comment by JohnnyLingoon Jun 04, 2010 1:21pm

377 Views

Post# 17159364

RE: Selling cne @ .82/.83 Buying ALE @.40 only

I thought you didn't like stocks with massive floats -- you've slagged CNE many times on this board for supposedly having way to many shares issed. So tell me: how does buying 2x the shares of ALE at .40 with over 750M FD get you ahead of CNE at .80 with half ALE's float (not to mention much better management and prospects)? This just shows that hypocrites like yourself have no problem saying whatever to whomever whenever regardless of the facts, as long as you think some unsuspecting fool will believe it and act on your "advice". JL

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