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

Comment by summerb37on Jan 24, 2011 8:43pm

435 Views

Post# 18020210

RE: RE: RE: RE: RE: RE: RE: Something is UP

theHouseWins, your comment is incorrect. The only BNN analyst that said to buy in the 1.40s, if it got that low, was Lesley Marks, and at that time the stock was trading at 1.65. TD recently raised their target price, so enlighten us about why the recent decline is company specific. Also, find below specific analyst comments on CNE to refresh your memory.

by

MyStockhouse/Default.aspx?u=3212158"" shape="rect">theHouseWins

"CNE's recent decline was company specific and not based on anything else. Every analyst on BNN that has commented on CNE has said it would have a correction down to the 1.40s before its next upswing which it will inevitably have."

BNN:

BUY	1.540	Michael Smedley	Has exciting heavy oil assets. Speculating on it being a take-out candidate. It aught to be all right. The territory is hot so it aught to be higher. Substantial properties.	2011-01-07

Comment	1.560	Peter Imhof	Traded sideways last few months. Expected to exit the year at 7000 BOE but was 10,900 with 6,00 barrels of tariff oil where the margins are not that great and 4000 are net to them. Currently drilling very large wells in Guyana and expect to hear results in 60 days or so, which could move the stock dramatically.	2010-12-22

BUY	1.630	Laura Lau	Mainly Colombia but with some in Brazil. Own 10% of the Capella field in Colombia, which is one of the biggest oil field discoveries in the last 25 years. Good future.	2010-12-07

HOLD	1.650	Lesley Marks	Exceptional business plan and talented management. Fairly valued at this time and wouldn’t Buy more unless it got into the $1.40 level. 2011 will be a very exciting year, particularly on their Colombian prospects. (She has taken a little bit of profit.)	2010-11-24

BUY	1.630	Michael Smedley	Colombian play. Expects it to go higher because it has 4 very good heavy oil assets. Expect it will get taken out at some point.	2010-11-22

BUY	1.530	James Hodgins	Has hit a number of very interesting targets in Colombia and production has been growing dramatically over the past year. There’s enough positive change and enough runway for future prospects that they will continue to be successful.	2010-11-15