Canacol Energy LTD Worth At Least 4.50$ / ShareIn todays market, loads and loads of investors have lost large amounts of money not foreseeing the price of oil going down this much. This has obviously had an impact on each and every company within the oil sector. Canacol Energy is back to C$3.00 / Share. A value Canacol had long before the new discoveries. Sure the oil price makes it's justice to some extent, but real value of Canacol is way over C$3.00 a Share. We had the talk of Canacol being a takeover target I think people need to look at the way Canacol operates. Canacol rather partner with companies and make acquisitions. Besides certain procedures has been taken in place to prevent a hostile takeover. There is no doubt in my mind that Canacol is way undervalued at this moment. And I would not be surprised if CNE makes a move and acquires another company.
Whit that said. Canacol is at sale for the right price! If another company would show interest.