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 Oct 16, 2012 8:51am

352 Views

Post# 20487628

RE: RE: RE: RE: RE: Guessing competition, how much

My guess? I don't know what to think now...I'm so conflicted, lol. The bid/ask doesn't look promisining at the moment. My stop is at 35 so I may be out today. There is still a lot of long term potential here - tons of it, but I guess at the end of the day if market is yelling "show me the money (or oil)" and CNE's response is to buy more palm trees then I guess there's going to be a wee bit of a disconnect reflected in the market cap. Oh, how the mighty have fallen. Can you guys believe that 3 years ago CNE was in the high 40s and had NO production? Now we have land, 14K bopd, some decent big-boy partners, and the SP looks to be headed lower. Somethin going wrong in the world today.

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario