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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 CH4RTQU4NTon Nov 19, 2013 5:13pm
163 Views
Post# 21920783

RE:RE:RE:RE:RE:RE:4.50 on pre-market

RE:RE:RE:RE:RE:RE:4.50 on pre-market Unequivocal confirmation from me, which is why you need to brush up on your TA or seek the advice of a charting expert such as myself. The coppock, while relatively stable over the ast few sessions, is showing signs of distress but this has been mitigated by strong linear support on the ergodic. Superimposing both daily and weekly snapshots, the Elder bear channel seems to be signalling a foray out of its hibernation, pardon the pun, and I can extend the channel out a few weeks which means this is only a temporary setback. I have seen many stocks over the course of my long trading career that supposedly trade on fundamentals, and many have gone down the tubes, while many have not. Point is, it's all in the science of linear channels and quantitative volume indicators where the future can be projected ahead of news releases and baseless propaganda. I will pass thru from time to time to endow my services if need be but I think we're alright here.

Cheers QU4NT
Bullboard Posts