Josef Schachter
Canacol Energy Ltd.
CNE-T
PAST TOP PICK
May 20, 2020
(A Top Pick May 24/19, Down 8%) They are a Colombian energy player. Volumes have increased and they have a good dividend. It remains a Top Pick for him.
He used to own it. He moved to another. They got into trouble with oil prices, but have not gotten out of it. It is smaller cap. Reducing tax rates in Colombia would be beneficial to them.
A natural gas producer in Columbia. They get $4.75 for Nat gas there. Production is ramping up with a new pipelines coming on line. Very nice growth. $8 is his one year target. There is a lot of exploration and drilling ahead of them. (Analysts’ price target is $5.90)
They produce in Colombia and are expected to see excellent production growth. They receive $4.97 for their natural gas -- compared to $2.30 in Canada. He has an $8 target on the shares and would recommend buying anytime they dip below $4. Yield 0%. (Analysts’ price target is $6.06)
The pipeline from their fields in production is now fully in production. He has an $8 target on it. He likes the company. They now have another phase of growth on it. Management has done a fabulous job.
He likes it and it is on his action alert buy list. They brought on a new pipeline. They are going to be drilling more wells and getting more reserves. He has an $8 target.
(A Top Pick Feb 28/19, Down 2%) They put in a dividend of $0.20 paid quarterly. They are selling natural gas in Colombia at triple the price in Canada. He likes the stock still and has a target of $8 per share. They are 100% natural gas. Production could increase by another third if pipeline and power projects move ahead. Yield 4.5%
A natural gas producer in Colombia that has growing production, growing cash flow and a growing dividend. He has a $5 one year target. Its balance sheet look strong and there is a good runway for production opportunities. Yield 1.43% (Analysts’ price target is $6.60)
A Colombian natural gas producer which enjoys a favourable U.S. price of US$3.60. Production will rise as more customers and pipeline capacity are found. There's a shortage of natural gas in the country. It pays a nice dividend of 5.6%. He has a $5 target. Buy below $3.40. (Analysts’ price target is $6.09)
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