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 > GAMBA FACTOR IS ALIVE AND WELL..!!!

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Post by oilwatcher13on May 19, 2022 2:05pm

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Post# 34695950

GAMBA FACTOR IS ALIVE AND WELL..!!!

You have to ask yourself why every quarter they come up with another reason and take a writedown or charge on the financials... if you're in it for the 7% divy it will take you years to cover your losses due to the share price declines...

What ever happened to the reduction of debt as promised last year???? Instead the increased their debt from 325 mil to 500 mil... did they have to do that to fund the divy until 2025????

GAMBA FACTOR IS ALIVE AND WELL... OVER PROMISE AND UNDER DELIVER..!!

JMHO

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