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Bullboard - Stock Discussion Forum
Canacol Energy Ltd
CNNEF
Primary Symbol:
T.CNE
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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TSX:CNE - Post Discussion
Canacol Energy Ltd
> one for five
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•••
Kingsale
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Post by
Kingsale
on Mar 09, 2023 4:07pm
one for five
Now, you understand why they wanted such a consolidation : transaction fees are lower, so they can speculate easier. Today, there was a 7% gap between high and low
(117)
•••
cyber37
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Comment by
cyber37
on Mar 15, 2023 12:32pm
It is not obvious if that (5:1 consolidation) was the reason since transaction fees for more expensive stocks are higher so this could be just a wash. As for the declining CNE share price, company must show progress in their pipeline development. News releases about re-financing are all good & dandy but do bagger all to show real & tangible company growth. It is even more important now to
...more
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