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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 bionicjoeon Nov 13, 2018 8:29am
77 Views
Post# 28963886

RE:RE:Important reminder

RE:RE:Important reminder
Prophet69 wrote: Don't listen to this guy, do the research on your own, doesn't matter when you are invested into this company, 5yr, 3yr, 1yr, 6months, 3 months 1 months. You are still under water. The only people that are winning is the executives and board of directors that are issuing massive stock options to themselves each year even though the company is losing money every quarter. The INK report on your trading platform should show the options that are being issued to the executives, this dilute all the shareholders.


By all means don't listen to me. I always encourage investors to do their own DD. Different strokes for different folks so doing your own research is the only way to determine if a stock is a good fit for your portfolio. If you reach the conclusion that CNE has nothing to offer for 2019 when the pipeline expansion allows them to double their natural gas sales then sell and move on. As for options, show me a company that doesn't have an options program embedded in its corporate structure. If you are going to refrain from investing in stocks just because they hand out free options then you'd better look for another vehicle other than the stock market to invest your money. It's one of the executive perks retail shareholders have to live with.

Remember folks, CNE is no longer an oil play but a South American natural gas company that is able to charge much more for its gas than if it was selling into a North American market. Look at their corporate presentation and you be the judge if their 2019 outlook is credible.

Bullboard Posts