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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 Jul 28, 2010 7:46pm
286 Views
Post# 17305134

RE: RE: RE: RE: RE: RE: RE: top 2

RE: RE: RE: RE: RE: RE: RE: top 2J, nothing wrong with taking profits, but if you look at where CNE is headed, it hasn't really gotten started yet as there are plenty of results from several wells forthcoming, and of course, the big daddy of all, is the G well!! 
Perhaps, some are indeed buying ALE or PTA, which I like much better of the two, but right now, CNE's chart looks great and mgmt is delivering us the goods so far!  Look at v.CAN, that's the progress /path that CNE will be taking!  I'm hearing that v.CAN is going beyond $10?? Will CNE get there too? Don't know and won't even go there as I'm focused on the here and now!! Instead of ALE, take a look at v.ADG...a different sector all together, but I did take some profits @ .87 earlier  from CNE to take a nice position on ADG!! Hey, it doesn't hurt to have two lovers, good to have one on the side!  He he he!
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