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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 olejoson Oct 05, 2014 12:20am
159 Views
Post# 22999629

RE:Buy v.PTA over t.CNE....case closed!

RE:Buy v.PTA over t.CNE....case closed!well you make a good point here. I happen to own both since i am interested in the Llanos basin.the biggest problem with cne.to is the much overlooked FACT that it currently does NOT earn a profit and loses money all day and all night. Sort of like a bucket of water shot full of holes. Odd posters have focused on the Cap rate, Ceo, spelling of Col_mbia and various "odd entities",but the gold rule of business is dont lose $$$ ,and earn lots of $$$ or everything soon goes to Hell.What we see now is reversion to the mean viz a viz ...backing back down after an unqualified price pps anticipation of future profits.
Bullboard Posts