Canacol Energy Ltd CNNEF

Primary Symbol: T.CNE

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 > Parex to much cash looking for acquisitions

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Comment by cyber37on Apr 05, 2021 8:07pm

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Post# 32939327

RE:Parex to much cash looking for acquisitions

Parex presents a possibility but if they take out CNE then here goes a rather sweet dividend. Unless there is a nice premium to current share price I’m not too excited by the prospect. Right now the share price is depressed & everyone is waiting until next due date for next dividend payment. Nobody seems to have any faith in growth in the share price, perhaps it is the management?
G37

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