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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)
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Comment by Georgeboy11on Jun 03, 2011 9:47pm
341 Views
Post# 18670644

RE: cmon now

RE: cmon nowRio, I was in @ .37 avg price a few summers ago and intend to hold on to most of my shares till I see our buyout! 

CNE is trading very nicely in this range considering how the mkts behaved today!  Still think that  CNE will put something out next week prior to the Montreal conf on June 9th!  Judging from how CNE has been trading, it'll break sooner than later!  I was about to post earlier this morning to say that it wouldn't be too surprising to see CNE finish in the green today.  Seeing that we came from $1.17 to $1.26, is pretty good with the mkt going back and forth in the red.

We're going to be fine!  Yo can sell us his 1000 shares of CNE, which he bought @ $1.05....lucky Ba$tard...remember, when CNE fell to $1.05 for about 120 sec about 6 weeks ago! 

George
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities