More Pescod coverageGreat News on the final flow rates from #6!!
Even Pescod is speculating on a take out of CNE. I did buy some SGI and am hoping the partnership on the next well benifits both.
david.pescod@canaccord.com August 26, 2010
CANACOL ENERGY (V-CNE) $1.35 +0.03
SAGRES ENERGY (V-SGI)
.475 +0.095
We’ve been writing about Canacol Energy for a while because
Canaccord’s oil and gas guy Fred Kozak has had it as one ofhis favorite juniors. Thank you Fred!
Today he updates his look at Canacol and writes, “With
increased merger and acquisition activity in Colombia, we see
Canacol as a prime candidate for pre-emptive takeover given
its extensive land holdings and long lead time for its projects
to develop.”
Kozak is looking at the three major heavy oil deposits the
company has that might have somewhere between 3 and 9
billion barrels, but it will take time to work out just how big
they are.
Meanwhile, for those looking for excitement, we are about
two to three weeks away from spud on the high profile Takutu
basin play of Canacol and Sagres Energy in Guyana.