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Canacol Energy Ltd CNNEF


Primary Symbol: T.CNE

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 mjh9413on Jul 11, 2022 9:42pm
317 Views
Post# 34816913

RE:RE:RE:GAMBA FACTOR IS ALIVE AND WELL..!!!

RE:RE:RE:GAMBA FACTOR IS ALIVE AND WELL..!!!Best mthly natgas sales number but no value to that. A buyback? That has never been on cards. In fact you are right, the cards are played very close to the chest by Gamba, his insider cohorts, and that investor who set this dividend in motion. This seems to be their own little money machine but there has to be real value here: it needs a takeover to find it imo. Else it's game as usual. 
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