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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

Post by tbone7on Oct 09, 2012 11:00pm
292 Views
Post# 20467018

future of Canacol

future of Canacol

Hello, I am new to this board and must admit that I paid twice as much as current market value for this stock but have watched it fall like a piano since March in spite of relatively stable oil prices.  I now see insider sales from Anthony Zaidi recently and I was wondering if anyone could shed some light on the stockprice versus executive compensation.  Upon investigating in Reuters, it seems the compensation is ridiculous relative to the share performace.  It states that Mr. Flick alone received 742k last year.  Any comments would be appreciated.  If executives are bailing, maybe I should lick my wounds and move on. GLTA

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