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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

Comment by oilwatcher13on Jan 18, 2021 11:47am
196 Views
Post# 32320025

RE:RE:RE:Dividends (?)

RE:RE:RE:Dividends (?)Can't say I didn't tell you so... lol

Gamba has treated this company like his personal ATM, you don't even know of all the side deals that never get announced and years later they take a charge for them...

Institutional investors have been burned by this dog and won't invest in it anymore... the latest victim is
 Josef Schachter... lmao...

Going nowhere until after 2024, but just ask yourself what surprises you will see between now and then... GAMBA FACTOR is alive and well...

JMHO
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