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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 INCOMPETENCE
View:
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 investigations, debt levels and share price declines.

Absolute incompetence....

JMHO
Comment by mjh9413 on Nov 08, 2024 1:13am
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 idea is that McQuarie will eventually make a call on the debt and put CNE into administration!!! Bye bye CNE. Also whoever accounts for the 'Settlement' of  $14.2MM in other income and what ...more  
Comment by gassygeezer on Nov 20, 2024 8:21am
When investing i always ensure due diligence on the BOD, past connections/companies and performance...IMHO this company has serious issues,like sunshine oilsands
Comment by Thechaser on Nov 20, 2024 4:05pm
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 shareholders about your deep concerns regarding this organization? Why? Just… why?”    
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