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Canacol Energy Ltd.CNE.TOCOMMENTJul 12, 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.
Is it more bullish for the share price to move above the 200 day moving average? When the share price moves above the 200 day moving average, that is a good sign. What you want to see on this one is the 50 day moving average pull back up. This is a small energy company in South America. Chart shows a consolidation has taken place this year, so it is actually quite positive.