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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 anthonyi1on Jun 16, 2014 5:06pm
277 Views
Post# 22664708

Play the game

Play the gameAgreed the SP is being held down. That's just part of the game.

So what's next for the SP ?

Let's look at what we know:

1. Bought deal underwritten by syndicate at $7.90

---When the big boys are ready to play they will not only let it run well beyond $7.90 but will ensure that it gets there


2. Insider buying  
Jun 13/14 Jun 13/14 Flick, Kevin James Direct Ownership Common Shares 10 - Acquisition in the public market 33,333 $7.45

---At close to $250K that's more than pocket change even for this guy


Conclusion:

Play the game ..ride the coat-tails of the big boys cause she's going North ! 



A1


Bullboard Posts