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.

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Canacol Energy Ltd > Dividends (?)

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Post by cyber37on Dec 31, 2020 12:36pm

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Post# 32204001

Dividends (?)

Ex-Dividend Date: 30 Dec. 2020 with payment on January 15. Does this mean that it is time to sell this stock now? I think CNE shares price is locked in by this silly dividend and with no prospect for growth (at least not in the immediate future) this is death water. CNE share price appears to be stuck and short of perhaps a takeover or management change I don’t see a way out. Don’t want to sound too much like Oil13 but if the shoe fits....
G37

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