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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 Crotchon Sep 19, 2012 12:03pm
270 Views
Post# 20385869

RE: Link to Bridge. Also China Looking!

RE: Link to Bridge. Also China Looking!

The price is right for any potential buyer. The price sucks for any longs, but that seems to be the trend when these juniors get bought out (SP gets dragged down, and then a buyout is tendered for what "appears" to be a really good premium). I don't really know what to think today. Still seems like a lot of circustantial evidence, but if viewed through the right set of glasses I can see your perspective. The trading volume might be the deciding factor for me - there's almost none (relative to float). Mergers/buyouts don't really stay secret for long, and given the past performance of the SS Leaky Ship CNE, I'd say we should be seeing a spike in trading.

 

I'm still bewildered by the deafening silence from CNE. I can't see them too busy negotiating to not have the time to provide us with an update.

I'll keep my fingers crossed. Keep digging though - the effort is appreciated!

 

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