Canacol Energy Ltd. (CNE.TO) Buy, Sell or Hold

Canacol Energy Ltd. (CNE.TO)

1.53

-0.28 (15.47%)

as of Nov 17, 2025, 9:00:00 pm Market Open.

86 watching

BUY

Holds some of the convertible bonds. Likes exposure to Columbia. He found the convertibles are safer. Things are getting so washed out in the space that it is worth looking at the equity. It is pretty darned cheap and there are a number of these that could see 100% upside.

SELL

Had really liked this at one time but it disappointed him. They drilled some areas that didn’t prove to be producing. Weren’t able to grow their reserves so the stock has been pounded very, very hard. If you own, he would be inclined to take a tax loss on it.

BUY

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)

WEAK BUY

Still fond of the story. He had taken money off the table but he would not sell now. Thinks there will be more consolidation in Columbia. Would not sell, but might add.

WEAK BUY

A pretty good story in Columbia. All the junior producers are getting killed. Just hold on to it. It is heavy oil and has to be shipped around. They ARE finding oil. Prefers Canadian oils.

HOLD

Has a lot of potential. Uncovering some heady oil in Colombia. Colombia has some issues in that they don't have the pipelines and the oil has to be trucked.

BUY ON WEAKNESS

Rapid growth story. Small cap. You are buying it for what they are doing in Columbia. Now becoming a good solid producing company. Good if you can get it below $1.

COMMENT

There is no reason to sell this one. You have support at around $.90 with resistance at around $1.30. If you get through $1.10, you will probably be good to go. Difficult to assess through technical analysis on a small cap that is news driven.

BUY

A good little name and he thinks it goes higher. Probably $1.20 or so.

BUY

Have a number of properties that are currently producing so going forward it will be about growing production. Producing both light and heavy crude. His concern will be with capacity output in Columbia. Good price.

BUY

Likes this one a lot. Have $125 million in the bank and no debt. Will be drilling 22 wells this year. Have just got an Ecuador deal, which is a mild positive. Feels this could be one of the strongest docs he owns this year. If they got back to the $1.61-$1.80 range, he would be tempted to take some money off the table. Has a great year ahead of it.

DON'T BUY

Concerns are 92% comes from one well. They have to come up with 6000 barrels per day to offset the decline in the existing well.

TOP PICK

Small growth company. One of the few that he owns that exited the year way above their guidance. Have a strong balance sheet – no debt. Drilling 22 wells this year. Gone from a standing start to strong production. Thinks they will take this higher. They are increasing production at a very good rate. Oil prices are strong. Thinks this could be a double or a triple and is a large position in his small cap fund. One knock is that they grew production so fast that their reserves don’t look that strong. They need a new reserve report done.

STRONG BUY

Has come off a long way from the top. He has recently added to his holdings. Brought on a spectacular well in a whole new virgin reservoir with very high pressure. Are drilling more wells there. Thinks the stock could easily be back to $1.50 within 12 months. Has $125 million in the bank.

PAST TOP PICK

(A Top Pick Oct 29/10. Down 62.77%.) Has sold most of his holdings. Right to develop heavy oil in Colombia and is not working.

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Canacol Energy Ltd. (CNE.TO)