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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 lamothzeon Oct 19, 2016 7:59am
305 Views
Post# 25359466

RE:Oil watcher. Be very concerned!!!

RE:Oil watcher. Be very concerned!!!What they sold were rsu don't put too much thinking about that read this:

Holding the RSU shares after they are vested is the same as the employer giving you a cash bonus and you decide to use the bonus to buy the employer’s stock. It works only if you believe the employer’s stock will do better than the market and all other alternatives.

Besides the issue of being undiversified and having too much tied to your employer, just from a pure investment’s point of view, if you are going to buy a stock with the bonus, you can buy whatever stock you want. Is the employer’s stock really the best in a universe of thousands of stocks? Unlikely.

Therefore, always sell RSU shares as soon as they vest. If you are not contributing the maximum already, increase the contributions to the 401k plan, or fund a traditional IRA or a Roth IRA. Otherwise put the money into a diversified portfolio in a taxable account. Don’t hold the RSU shares.

Bullboard Posts