50% off Premium Yearly
Canacol Energy Ltd.CNE.TOWATCHJun 13, 2013Stock 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.
Chart is so similar to so many of the resource stocks right now. Consolidation is shown from late 2012 on. There has been support on this at around $2.50. There is a little bit of a series of lower highs versus being flat. If it breaks out, he feels that’s an indication the story is good.