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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 > Gamba Factor
View:
Post by oilwatcher13 on Nov 09, 2023 10:30pm

Gamba Factor

658 million in debt and a market cap of 233 million, what happened to reducing the debt to under 2x... lol.

Do you think they will have a problem with debt covenant levels with their lenders, the death spirral continues...

JMHO
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