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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 akragason Oct 19, 2012 4:39pm
261 Views
Post# 20504747

PATIENCE

PATIENCE

I believe this time around CNE needs to be treated as a long term investment; regardless of what TD says. They have their own interests. The " average "  investor cannot compete with large financial institutions.

However, the facts remain true and sound. Their reserves and land capacity to expand, in my opinion, are key to making sound decisions. On top of that, they are discovering heavy oil with is further incentive to consider the facts and not necessarily be swayed by public opinion.

In my opinion, if you can tuck this one away for a while it might be worth it, especially at this price.

 

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