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Bullboard - Stock Discussion Forum 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 Valley basin in Colombia. The Company’s production also included crude oil from its Rancho Hermoso block in Colombia (Colombia oil). It... see more

TSX:CNE - Post Discussion

Canacol Energy Ltd > share consolidation
View:
Post by 123600 on Jan 24, 2023 10:44am

share consolidation

there is only one reason for this IMO. they are going to take this POS private at some point. with decent insider holding already no institution is interested in a 34ml outstanding $400ml MC company
Comment by tigris72poo on Jan 25, 2023 10:52am
nonsense...reverse split makes no difference in going private.  The only thing that matters is total market cap.  Would you rather buy a dozen eggs for $12 or one egg for $1 ?
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