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Opinions Peter Imhof
Canacol Energy Ltd.CNE.TOTOP PICKOct 24, 2013
Peter ImhofStock price when the opinion was issued
As of Nov 17, 2025. Market Open.
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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.
(Top Pick Dec 19/13, Down 57.32%) They were doing well and then energy came off. They made some big discoveries in the Nat Gas area. He is disappointed in a lot of the Columbian plays right now.
Peter Imhof(A Top Pick Oct 24/13. Down 32.81%.) Still likes the story. A Colombian producer. There are high expectations in terms of exploration, and thinks there is still a lot of that coming. It is going to be difficult with oil prices down at this level. Thinks it has been oversold.
Peter Imhof
Had it as a Top Pick July 11/13 and feels that everything is playing out the way he thought. Starting to grow their production. Had another well that is producing about 780 BOE. Production is now about 10,000. Net backs continue to increase as a lot of their oil they were producing was tariff oil, much lower margins. Over the next couple of months they are drilling up another prospect that we’ll hear about by the end of the year, which could be worth $1.75 per share. Also have 3 joint ventures with majors that are huge targets.