Globe says wait a bit before buying Canacol EnergyThe Globe and Mail reports in its Tuesday, July 20, edition that Canacol Energy finished Monday on the TSX Venture Exchange unchanged at 88 cents. The Globe's John Heinzl writes in the Eye On Equities column that Canacol Energy stock has a 52-week range of 14.5 cents to 92 cents. On July 16, Canacol Energy announced the closing of a debenture financing that raised $41.5-million. The 8-per-cent coupon debentures will start trading on July 21. Canaccord/Genuity maintained its "speculative buy" rating and $1 price target. Canaccord/Genuity says: "The recent run-up in the share price is likely in anticipation of the Colombian share listing as Latin American institutional investors appear to have started buying ahead of the listing. As such, there may be short-term weakness after the listing and investors may want to hold off until that buying interest has subsided."