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Bullboard - Stock Discussion Forum
Canacol Energy Ltd
T.CNE
Alternate Symbol(s):
CNNEF
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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Bullboard (TSX:CNE)
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•••
Jonathon Brown
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Post by
Jonathon Brown
on Nov 21, 2024 6:55am
Buzz on the Bullboards: Bombardier, world woes, a smart fridge, and top shelf weed
A highlight of the week was Bombardier (TSX:BBD), which reported impressive growth in its Q3 2024 results.
read article.
(3)
•••
philippechampy
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Comment by
philippechampy
on Nov 20, 2024 5:19pm
RE:Gamba Factor = 75% Share Price Decline
And now, 45% up from the recent lows. As I said before, Macquarie is here to make money !
Energy Co Unveils Q3 2024 Results: Record Growth & Strategic Expansion
posted Nov 21, 2024 9:00am by
Coelacanth Energy Inc.
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|
In Q3 2024, Coelacanth started the construction of its planned $80.0 million infrastructure project that includes over 35 kilometers of pipelines and a facility to handle current behind pipe volumes and future expansions. Ultimately the facility will be able to handle approximately 16,000 boe/d of which Coelacanth has approximately 4,400 boe/d tested but shut-in at the 5-19 Two Rivers East pad ...read more
(5)
•••
Thechaser
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Comment by
Thechaser
on Nov 20, 2024 4:05pm
RE:RE:RE:GAMBA INCOMPETENCE
Thank you—but seriously, out of countless ways to serve humanity, why on earth did you choose to join this dangerous company of all places? Out of a million other opportunities, you’re here to warn
...more
(142)
•••
gassygeezer
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Comment by
gassygeezer
on Nov 20, 2024 8:21am
RE:RE:GAMBA INCOMPETENCE
When investing i always ensure due diligence on the BOD, past connections/companies and performance...IMHO this company has serious issues,like sunshine oilsands
(113)
•••
mjh9413
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Comment by
mjh9413
on Nov 08, 2024 1:13am
RE:GAMBA INCOMPETENCE
Wholeheartedly agree. Disgusting $50MM extra debt, no debt reductioon. $50MM from McQuarie used 'for general corpotate purposes' so what is it being spent on exactly? maybe the
...more
(13)
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oilwatcher13
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Post by
oilwatcher13
on Oct 30, 2024 8:13pm
GAMBA INCOMPETENCE
Are shareholders and the BOD just going to watch this company implode on itself with more debt than it's actual value????? It's stunning that no communication regarding anything about
...more
(13)
•••
oilwatcher13
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Post by
oilwatcher13
on Oct 09, 2024 3:18pm
Gamba Factor = 75% Share Price Decline
CNE under investigation Canacol Energy (TSX: CNE) is currently under investigation by Colombia’s Ministry of Mines and Energy (MinEnergia) due to its failure to meet the gas production
...more
(534)
•••
Frank007
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Post by
Frank007
on Sep 21, 2024 12:38pm
It’s the Gamba …Petro factor …
That will keep a lid on anything they can do to get the share price up ....sort of what happened in Canada when that duffus Trudeau was elected ...so do not hold your breath ..
(5)
•••
Thechaser
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Post by
Thechaser
on Sep 20, 2024 9:47am
Good News
**Good News:** 1. **Revised Capital Program:** - Canacol Energy has updated its capital spending plans for 2024. They plan to drill **11 wells** this year, which
...more
(0)
•••
PressRelease
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PressRelease
on Sep 20, 2024 8:00am
New Press Release - Canacol Energy Ltd. Announces Revised 2024 Capital Program, Comments on 2024 Guidance and Provides Drilling Update
CALGARY, Alberta, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX: CNE; OTCQX: CNNEF; BVC: CNEC) announces that it has revised its 2024 capital program, comments on 2024 guidance and provides drilling update. Revised 2024 Capital ProgramThe...
read article.
(13)
•••
oilwatcher13
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Post by
oilwatcher13
on Sep 12, 2024 11:16am
Gamba Factor = 75% Share Price Decline
Investigation of CNE-EPM contract In response to the investigation launched by Colombia’s Attorney General Office regarding alleged irregularities in a contract with Canacol (TSX: CNE), EPM’s
...more
(5)
•••
Thechaser
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Comment by
Thechaser
on Sep 11, 2024 11:05am
RE:Valuation
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
...more
(5)
•••
Thechaser
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Post by
Thechaser
on Sep 11, 2024 10:43am
Valuation
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
...more
(3)
•••
philippechampy
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Comment by
philippechampy
on Sep 05, 2024 10:01am
RE:RE:Canacol announces of a $75M Senior Secured Term Loan
That's not a problem if they use it to buy back the 5.75 bonds with a 40% discount !
(3)
•••
philippechampy
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Comment by
philippechampy
on Sep 05, 2024 9:32am
RE:Canacol announces of a $75M Senior Secured Term Loan
You could add they let the fox into the henhouse ! Now, Macquarie has control of 5% of the capital and could easily reach 20%. Then, if they want to sell with a comfortable reward, they have
...more
(14)
•••
tigris72poo
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Comment by
tigris72poo
on Sep 04, 2024 8:28pm
RE:Canacol announces of a $75M Senior Secured Term Loan
So the cure for too much debt is more debt?
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