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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 Basin in Colombia. The Company’s production also included crude oil from its Rancho Hermoso block in Colombia (Colombia oil). In addition to its producing blocks, the Company also has interests in several natural gas exploration contracts in Colombia.


TSX:CNE - Post by User

Post by oilwatcher13on Mar 26, 2024 6:40pm
178 Views
Post# 35954187

Gamba Factor Strikes Again

Gamba Factor Strikes AgainThey have to issue a panic press release saying all their coupons are good and they are managing their debt???? The panic is the current market cap at the end of the day today is 154 million and the current level of debt is 724 million dollars... are they a going concern!

I would say yes, because the stock has no takers given the wealth destruction of the GAMBA CLOWN SHOW over the last decade. 

It is amazing that the BOD has not taken GAMBA out of play, but that would require the BOD to do their jobs. Hasn't happened so far, but the class actions are coming!!!

JMHO
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