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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 mjh9413on Mar 27, 2024 2:01am
249 Views
Post# 35954642

RE:Gamba Factor Strikes Again

RE:Gamba Factor Strikes AgainI'm out of my depth with their financials. YTD they incrreased borrowing (which they have done in many quarterly periods) by over $100MM but net capex was $41MM and there is no explanation of the $104MM in additions to PP&E and what are those deferred tax assets appearing in the BS, which increased by $60MM and for whcih there are no notes.  As to Ebitdax it has a large quotient of cash finance costs and taxes paid.and the latter has been ever-increasing making changes in EBD perhaps more meaningful for CNE.
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