Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Canacol Energy Ltd (Alberta) 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, VIM-21 and VIM-33 blocks located in the Lower Magdalena Valley basin in Colombia. Its 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. The Company operates over 1.5 million net acres in 11 exploration and production gas contracts in Colombia, located in the Lower & Middle Magdalena Basins. Its natural gas processing and treatment facilities consist of three plants.


TSX:CNE - Post by User

Post by philippechampyon Aug 09, 2024 5:44am
371 Views
Post# 36170859

quarterly results

quarterly resultsFinancially, brillant results linked to a strong perf of nat gas price : + 36% for operating netback 

> adj funds from operations + 70%

Seems out of the woods for debt risks : during the last six months cash and eq =  + 42.6 against +  39.4 M, working capital = + 0.5 against - 10 M

Doesn't seem out of the woods for prod.  Still problems at Jobo (compressors ?) and progress is very slow : nat gas and LNG prod = 162.6 after 158.3 Mcfpd

Adj net income is interesting. Net income after extra items = - 21.3. 
Extra items (non cash deferred income tax expense, because COP - 8%) = 42.6
> adj net income - 21.3 + 42.6 = + 21.3 USD

Per share adj net income = + 0.62
x 4 = 2.48 USD
> PER around 1.3 !

I regret the sale of Arrow explo, but it seems is was necessary
<< Previous
Bullboard Posts
Next >>