2.50+ by end of year... Natural Gas on smoking... Many strong tailwinds here:
1) Natural Gas at 7 year high... and these fall months should push it higher as we approach Winter and inventories down.
2) NG's Maria Conchita will be in production shortly, which will bring the company lots of cash flow in the next year...
3) The big value driver here is Sinu-9 - Canacol is right beside GASX has booked natural gas 2P reserves of 637 Bcf and production of 172 MMcf/d... and has made a big discovery right near Sinu-9.... GASX is just awaiting a permit before drilling. To give some context, Canacol has a market cap of $600 million... we are at $130 million.
I think 2.50+ by year end is in reach...