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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
Post by redhead33333on Nov 18, 2013 11:28pm
190 Views
Post# 21917924

Gas61, you are indeed correct, I said that

Gas61, you are indeed correct, I said that
CNE needed to break $4 to get into that bullish mode. It still is in that bullish mode but only when the fu  ken traders/manipulaters have their day off!    CNE is in a much better state than when it wasn't able to break $4!   Having said that, RED's going to say that historically, mid Nov - the end of DEC has always been good for CNE. So, Gas, CNE will be $5 plus come exit 2013!!
With v.DCY, yes, it's on the Venture exchange, but being on the Big Board of the TSX isn't a safe bet anymore either...take a look @ t.PSN, t.CSI, t.BAJ, and t.NKO, just to name a few who have turned out to be duds as well!
Back to v.DCY....they have the Galaxy property that is situated right between t.NGD's New Afton mine and v.AME's Ajax proposed mine, which is run by the Polish group, KGHM!!
Buying on DCY is starting to take shape....more and heavier buying coming in before this week is done!
Worthy of a look,Gas....Crotch and Yoplait knows that I've been in v.DCY when it was .045 - .06!!

Bullboard Posts