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Canacol Energy Ltd 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 and VIM-21 blocks located in the Lower Magdalena Valley basin in Colombia. The Company’s 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. It operates over 1.5 million net acres in 14 exploration and production contracts in Colombia, with 11 of these contracts focused on exploring for and developing natural gas. These blocks are all located in the Lower & Middle Magdalena Basins of Colombia.


TSX:CNE - Post by User

Canacol Energy Ltd
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Comment by Crotchon Jun 12, 2012 9:37am
120 Views
Post# 20002812

RE: RE: RE: Hang in there

RE: RE: RE: Hang in there

Considering Donald Trump is a complete buffoon in pretty much every facet of life, I am not surprised by his comments. Bottom line - there is a glut of oil because of a BAD ECONOMY, which means demand has remained susprisingly steady over the last 5 years. I know it's crazy, but not everything that happens around the world is a frickin conspiracy...

 

Also, I see CNE is up 5 cents this morning - Maysteeler must be filling his pool with all of the he made from his oh-so-smart buys yesterday at 54. What an idiot. I'm more amazed at Stockhouse's tolerance this guy than I am of the absolute tanking of CNE lately.

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