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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... see more

TSX:CNE - Post Discussion

Canacol Energy Ltd > year end results....TRAINWRECK!!!!!
View:
Post by downwithdotcom1 on Mar 21, 2024 9:05pm

year end results....TRAINWRECK!!!!!

simply put:  GAMBA needs to be accountable for this disaster-management /BOD needs to go!!! dwdc
Comment by downwithdotcom1 on Mar 21, 2024 9:15pm
exactly, what does this mean??? 2nd CLASS ACTION LAWSUIT??? i'm in!!!! dwdc   Realized contractual natural gas sales volume decreased 6% and 2% to 164.8 MMcfpd and 178.3 MMcfpd for the three months and year ended December 31, 2023, respectively, compared to 175.6 MMcfpd and 182.4 MMcfpd for the same periods in 2022. The decrease is due to the unusual and unexpected decrease in the ...more  
Comment by felix10 on Mar 21, 2024 10:05pm
They have also eliminated the dividend which was one thing keeping the stock afloat.
Comment by Thechaser on Mar 21, 2024 11:17pm
There was NO SURPRISE with respect to the gas sales. The company has been issuing gas sales on a monthly basis, it was well know that Q4 sales will be lower 
Comment by oilwatcher13 on Mar 24, 2024 4:35pm
Trainwreck in 724 million of debt and the distinct possibility of breaching covenents in the first or second quarter... Gamba clown show and shareholder wealth destuction.. Gamba Factor.. JMHO
Canacol Energy Ltd
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