Canacol Energy Ltd CNNEF

Valuation

[Thechaser]

The company currently holds over $40 million in cash, with an additional $50 million expected from recent financing, bringing the total cash position to over $90 million. Interestingly, the company's total valuation is under $70 million. Given these figures, it presents a compelling opportunity for potential investors to consider.

[Thechaser]

The recent Q2 2024 results reflect positive progress, with adjusted funds from operations up 70% and EBITDAX increasing by 21% compared to 2023. While there are some concerns, like dividend suspension and country risk, it's clear the company is capitalizing on higher gas prices, which averaged $6.84/Mcf. Additionally, the Bolivia investment is relatively small, and gas production has been