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

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Comment by Whitehellon Sep 24, 2014 8:19am

132 Views

Post# 22964985

RE:RE:RE:RE:RE:RE:REALLY GAMBA?

All true but the miss is still important in EPS for a company that has not had a few years of profit. I hope the lack of current production at Leono and probable guidance miss is already in the price.

I agree. But i'm just wondering were the analyst could have expected 0,42 for the total year EPS. The first nine month were 0,14 EPS, so if you put that into account, this mean they were expecting 0,28 EPS for the 4th Quarter only. And when you think that impairment test are done at Year-end, there's always a good chance of those coming to haunt you in the 4th quarter. 0,28 EPS for the 4th Quarter was pretty Aggressive on their part.

White

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