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Canacol Energy Ltd 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 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

Bullboard Posts
Comment by boredhousewifeon Oct 11, 2012 2:00pm
156 Views
Post# 20474040

RE: Unusual volume

RE: Unusual volume

Volume is huge 280,000 2 shots alone CIBC house buying and ANON with some decent buys too...Somebody wants shares inbetween they have the dinky 500 shares... TD cross trading shares and selling to CIBC house..Something has got to be up volume has been large the last few trading days...The average trading on this stock is maybe 113,000 shares... I would not be surprised if IIROC asks CNE why such high volume and if anything material they need to shares as to why the volume has been sky high on this stock but yet it hasn't budged...JMHO

Bullboard Posts