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Canacol Energy Ltd.CNE.TOTOP PICKJul 11, 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.
Has been overlooked. A number of years ago Columbian plays were all the rage and then they missed their numbers and they all came down together. These guys have continued to increase their production quietly but materially. Their netbacks have increased also. There is some large upside here. Thinks they will sell an oil field to a Chinese company. Multiple is very low and there are a lot of wild cards.