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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 Georgeboy11on Aug 02, 2011 4:21pm
286 Views
Post# 18896305

RE: RE: RE: Games being played....

RE: RE: RE: Games being played....Yo, trading was not flat even though a million traded...it wasn't the volume, but rather how most of trading was being done from $1.01 - $1.03.  Very manipulatively done, I must say!  There were many times that it could have gone well beyond $1.02 and $1.03, but the walls were placed first @ $1.04 then @ $1.03.  (I know that a .01 here and there doesn't mean much, but it's the way that CNE is being held down from going forward.)

Sooner or later, this thing is going to burst forward.  Good to see us seeing $1 as a floor!  George
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