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, 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

Canacol Energy Ltd (Alberta)

Bullboard Posts

Post by fisherman8on Dec 08, 2010 1:31pm

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Post# 17819131

From Dec 8 TDW Report

Big potential catalysts: We have analyzed the potential impacts of catalysts we
expect to occur from now through year-end 2011 for our coverage of International
E&Ps. We anticipate events over the coming 12 months that could increase our
Fully-risked NAVPS estimates by approximately 100% on average. Canacol
Energy Ltd. (CNE-V), C&C Energia and Gran Tierra Energy Inc. (GTE-T) all
stand out as likely to report on events over the next year that could increase our
target prices by 140% or more, due to planned exploration drilling in Colombia,
Guyana and Peru. However, all of these exploration campaigns would likely result
in material share price reductions in the case of disappointing results, and we note
a correlation between stocks with large near-term catalysts and relatively full
valuation. Our analysis suggests that the market is paying a premium for catalysts;
investors that want exposure therefore typically either need to get in early or pay
up.