|Bid||4.4800 x 0|
|Ask||4.4900 x 0|
|Day's Range||4.4400 - 4.5200|
|52 Week Range||3.7300 - 5.0500|
|Beta (5Y Monthly)||0.59|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 8, 2019|
|Forward Dividend & Yield||0.21 (4.64%)|
|1y Target Est||5.13|
Canacol Energy Ltd. (“Canacol” or the “Corporation”) (CNE.TO) (CNNEF) (BVC:CNEC) is pleased to announce that the Toronto Stock Exchange (“TSX”) has accepted the Corporation’s notice to conduct a normal course issuer bid (“NCIB”) in accordance with the rules of the TSX. As approved by the TSX, the Corporation is authorized to purchase up to 14,276,439 common shares, representing approximately 10% of the public float of Canacol, being 142,764,398 common shares as of November 30, 2019.
Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to announce it has successfully secured a 100% operated working interest in three new conventional gas exploration contracts in the recent bid round (Proceso Permanente de Asignación de Areas Ciclo 2) administered by Colombia’s hydrocarbon regulatory authority, the Agencia Nacional de Hidrocarburos. Furthermore, with a view to expanding our exploration portfolio, we have established a new core conventional natural gas exploration area in the Middle Magdalena Valley basin where we have won two blocks totalling 160,666 net acres.
Canacol Energy Ltd. ("Canacol" or the "Corporation") (CNE.TO) (CNNEF) (BVC:CNEC) announced that it has declared a dividend of CAD$.052 per share, payable on December 30, 2019, to shareholders of record at the close of business on December 16, 2019. The ex-dividend date for all shareholders is December 13, 2019. This dividend qualifies as an 'eligible dividend' for Canadian income tax purposes.
Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX: CNE; OTCQX: CNNEF; BVC:CNEC) is pleased to announce that it has commenced the production and sale of liquified natural gas (“LNG”), the first such operation in Colombia. The Corporation is also in negotiation with Galileo Technologies (“Galileo”) to form a joint venture which will install terminals at other locations in Colombia and supply end user solutions with the objective to replace diesel, fuel oil, compressed natural gas, propane and other fuels with LNG.
View from the C-Suite: Mark Teare, Senior Vice President, Exploration, Canacol Energy Ltd., tells his company's story. Filmed on October 19, 2019
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Canacol Energy Ltd. New York, November 22, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Canacol Energy Ltd. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
CALGARY, Alberta, Nov. 07, 2019 -- Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to report its financial and operating.
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CALGARY, Alberta, Oct. 28, 2019 -- Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX: CNE; OTCQX: CNNEF; BVC: CNEC) will announce its third quarter 2019 financial.
BVC:CNEC) is pleased to provide the following gas sales and drilling update. Natural gas sales for the third quarter of 2019 averaged approximately 146 million standard cubic feet per day (“MMscfpd”), compared to 120.5 MMscfpd for the second quarter of 2019. Natural gas sales for the first 9 days of October 2019 averaged 211 MMscfpd.
BVC:CNEC) is pleased to announce that it achieved a record 217 million standard cubic feet per day (“MMscfpd”) (38,070 barrels of oil equivalent per day) of natural gas sales on August 24, 2019. This level of sales was achieved in part via the recently announced completion of the pipeline expansion between the Corporations gas processing facilities located at Jobo and the city of Cartagena at the end of July 2019. Average gas sales for the month of July 2019, prior to the completion of the pipeline expansion between Jobo and Cartagena, were approximately 122 MMscfpd. Average gas sales for the first 15 days of August 2019 were approximately 151 MMscfpd as the new pipeline expansion was gradually brought online to the gas sales level of 217 MMscfpd. The Corporation anticipates that it will maintain an average gas sales level of approximately 215 MMscfpd for the remainder of 2019.
CALGARY, Alberta, Aug. 08, 2019 -- Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to report its financial and operating.
CALGARY, Alberta, July 31, 2019 -- Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX: CNE; OTCQX: CNNEF; BVC: CNEC) will announce its second quarter 2019 financial.
BVC:CNEC) is pleased to announce that the works associated with the expansion of the gas pipeline between its operated Jobo gas processing facility and Cartagena has been completed. These works included the laying of 85 kilometers of 20 inch pipeline and the installation of additional compression, resulting in an increase of 100 MMscfpd of transportation capacity for the Corporation to its clients in Cartagena. Once pressure testing of the new line using water and then nitrogen is completed by July 31, 2019, the Corporation will start injecting natural gas into the line. It is anticipated that total corporate sales of 215 MMscfpd will be achieved by August 11, 2019. This level of sales is anticipated to be maintained for the remainder of the year.
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BVC:CNEC) is pleased to provide the results of the Ocarina 1 exploration well located on its 100% operated VIM 5 block, and the flow testing results of the Nelson 7 development well located on its 100% operated Esperanza block, both situated in the Lower Magdalena Valley Basin of Colombia. As previously announced earlier in June 2019, the Acordeon 1 exploration well encountered a significant gas accumulation in the Cienaga de Oro (“CDO”) sandstone reservoir which tested at a final rate of 33 million standard cubic feet per day (“MMscfpd”). The Ocarina 1 well tested the accumulation at a bottom hole location situated approximately 1 kilometer to the south east of the Acordeon 1 well and has encountered a thick section of gas pay within the same CDO sandstone reservoir, thus confirming a significant new accumulation of gas within the CDO.
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BVC:CNEC) is pleased to provide the results of the Acordeon 1 exploration well located on its 100% operated VIM 5 block in the Lower Magdalena Valley Basin of Colombia. Given the magnitude of this new discovery the Corporation is altering its previously announced 2019 drilling program and has spud the Ocarina 1 well in order to prove up its reserve potential. Additionally, Promigas S.A. has received all regulatory approvals, including approvals of the two modifications to the Jobo to Majaguas pipeline segment, required to complete the construction of the pipeline expansion. The Corporation estimates that the 80 million standard cubic feet (“MMscfpd”) of new pipeline capacity will be on stream by mid-July 2019, lifting Canacol’s gas sales to approximately 215 MMscfpd. The Acordeon 1 exploration well is located approximately 4 kilometers southeast of the Corporations Clarinete gas field on the Corporations 100% operated working interest VIM 5 Exploration and Production Contract.
Charle Gamba, President and CEO of the Corporation, commented: “The first quarter marked a strong start to 2019, with a 42% increase in funds from operations per share to $0.17 per share, compared to the first quarter of 2018, driven by a 15% increase in realized contractual gas sales.