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

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Comment by Crotchon Jul 07, 2010 10:12am

405 Views

Post# 17249943

RE: CNE Value Vs other names?

I don't think the volume is related to the listing on the BVC. My assumption is that management's new PR guy is working the phones as aggressively as possible in order to increase interest in the stock. Couple that with a bunch of well results expected in the next few months and you've got a decent recipe for a speculative increase in the SP that we've seen the last little while. In order to maintain momentum, CNE is going to have to produce results.

No need to update price targets when nothing material has happened in a while now.

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