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.

TSX:CNE - Post by User

Canacol Energy Ltd

Bullboard Posts

Comment by Crotchon Apr 17, 2014 9:49am

250 Views

Post# 22462516

RE:RE:RE:$8 Bid and Ask

The price is swinging back and forth this morning. I have no idea where it'll close, but momentum seems to suggest 8+. The flood gates could very well open after that.

The price action could just be market speculation. There's a lot of material results in the pipe for CNE, and the institutions could be just building a position in anticipation of news. This doesn't smell like the pump/dump cycle that happens periodically for CNE.

I'm not really sure what to think. Part of me has my finger on the sell trigger this morning...I'm generally uncomfortable when I see things like this. Bah...darn stock market.

Bullboard Posts

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