Canacol Energy Ltd (Alberta) 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, 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

Canacol Energy Ltd (Alberta)

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Comment by akragason Nov 04, 2012 2:14pm

371 Views

Post# 20560499

RE: RE: Canacol Analysts Recommendations?

Redhead I agree with you. Cne is a different company now then when it hit $ 1.07 months ago.

In my opinion, given the latest developments, I still believe the price will drop even further. I'm looking to get back in around the high twenties. TD can pump, along with everyone else on this board, all they want. They have their own agenda. We need to be wise and not necessarily be swept by analysts recommendations.

GLTA

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