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Canacol Energy Ltd.CNE.TOBUYAug 03, 2012Stock price when the opinion was issued
As of Nov 17, 2025. Market Open.
Columbian player. He bought in ‘08/’09. It has come down and now he does not own it. Mostly gas in Columbia and they have fixed pricing for it. Their production will ramp up quite a bit in the next year or two. The management team has been put into the penalty box for missing over the last few years. He likes Columbian oil players.
Has a gold project in Tanzania. Challenges in getting resource up and running but announced a deal with a Chinese partner this morning. Now is a pretty good time to get in, but it is high risk because of the country. Better to buy it now than when it is over $1. (Expert seems to have the wrong company. This company is energy and has no gold projects and is not in Tanzania. Please ignore this recommendation. Our thanks to Ed for bringing this to our attention. Bill)