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.

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Canacol Energy Ltd

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Comment by Crotchon Mar 07, 2014 1:48pm

249 Views

Post# 22295627

RE:RE:RE:RE:RE:RE:Canacol = $2.31 $3.31 $4.31 $5.31 $6.31 7.27 Going To $20+

If DrZeke was still around he might provide an analysis from the technical side in terms of CNE's trading patterns. It seems it's still a significant number of small lot trades, by the same old gang of institutions. After the quick drop yesterday afternoon I had assumed that we would once again dip below 7 today. We're not there yet, but it's still a couple of hours until the close.

CNE should be above $8 in my opinion. The shale results were great, but I suppose there's still a lot of questions unanswered about what's going to happen going forward.

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