Canacol Energy Ltd.

CNE-T

Analysis and Opinions about CNE-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
June 23, 2020
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)
Show full opinionHide full opinion
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)
PAST TOP PICK
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.
Show full opinionHide full opinion
(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.
TOP PICK
TOP PICK
May 20, 2020
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)
Show full opinionHide full opinion
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)
PAST TOP PICK
PAST TOP PICK
January 24, 2020
(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%
Show full opinionHide full opinion
(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%
BUY
BUY
September 16, 2019
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.
Show full opinionHide full opinion
Canacol Energy Ltd. (CNE-T)
September 16, 2019
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.
BUY
BUY
August 26, 2019
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.
Show full opinionHide full opinion
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.
TOP PICK
TOP PICK
May 24, 2019
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)
Show full opinionHide full opinion
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)
TOP PICK
TOP PICK
February 28, 2019
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)
Show full opinionHide full opinion
Canacol Energy Ltd. (CNE-T)
February 28, 2019
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)
DON'T BUY
DON'T BUY
March 23, 2017

He does not want international oil and gas. There are way better opportunities in US and Canada. Elsewhere there is the risk of pipeline bombings.

Show full opinionHide full opinion

He does not want international oil and gas. There are way better opportunities in US and Canada. Elsewhere there is the risk of pipeline bombings.

COMMENT
COMMENT
September 29, 2016

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.

Show full opinionHide full opinion
Canacol Energy Ltd. (CNE-T)
September 29, 2016

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.

HOLD
HOLD
September 16, 2016

(Market Call Minute.) An interesting story. Onshore Colombian gas. They are trying to do an exploration to prove up enough resources to build a pipeline to grow further.

Show full opinionHide full opinion
Canacol Energy Ltd. (CNE-T)
September 16, 2016

(Market Call Minute.) An interesting story. Onshore Colombian gas. They are trying to do an exploration to prove up enough resources to build a pipeline to grow further.

COMMENT
COMMENT
July 21, 2016

(Market Call Minute.) A Colombian gas story. They have all of their gas contracted at $5.60, and it seems to be pretty low risk drilling. This is one to look at.

Show full opinionHide full opinion

(Market Call Minute.) A Colombian gas story. They have all of their gas contracted at $5.60, and it seems to be pretty low risk drilling. This is one to look at.

COMMENT
COMMENT
May 12, 2016

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.

Show full opinionHide full opinion

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.

PAST TOP PICK
PAST TOP PICK
February 23, 2015

(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.

Show full opinionHide full opinion
Canacol Energy Ltd. (CNE-T)
February 23, 2015

(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.

PAST TOP PICK
PAST TOP PICK
November 26, 2014

(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.

Show full opinionHide full opinion
Canacol Energy Ltd. (CNE-T)
November 26, 2014

(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.

PAST TOP PICK
PAST TOP PICK
July 30, 2014

(Top Pick July 11/13, Up 116.26%) Started buying when he moved to AGF. They did a big financing and people participated. He really likes the story, A lot of news coming out over the next 4-5 weeks. A lot of catalysts in the next 6 months.

Show full opinionHide full opinion

(Top Pick July 11/13, Up 116.26%) Started buying when he moved to AGF. They did a big financing and people participated. He really likes the story, A lot of news coming out over the next 4-5 weeks. A lot of catalysts in the next 6 months.

COMMENT
COMMENT
May 21, 2014

Recently bought this off a recent financing and is a little disappointed in how the stock has performed post that. This is primarily in Colombia. Prefers Gran Tierra (GTE-T) and Parex (PXT-T) over this if you want exposure to South America.

Show full opinionHide full opinion

Recently bought this off a recent financing and is a little disappointed in how the stock has performed post that. This is primarily in Colombia. Prefers Gran Tierra (GTE-T) and Parex (PXT-T) over this if you want exposure to South America.

COMMENT
COMMENT
May 7, 2014

Has been a Top Pick in his last 3 appearances at $2, $4 and $5 and has done extremely well. Came out with some excellent exploration results that were 2900 BOEs with about 2300 net to them. Continuing to cash flow very well and their net backs are increasing. Just raised $125 million. Really likes the story and thinks you will hear a lot of good news. There are some big targets out there for over the next 6 months.

Show full opinionHide full opinion

Has been a Top Pick in his last 3 appearances at $2, $4 and $5 and has done extremely well. Came out with some excellent exploration results that were 2900 BOEs with about 2300 net to them. Continuing to cash flow very well and their net backs are increasing. Just raised $125 million. Really likes the story and thinks you will hear a lot of good news. There are some big targets out there for over the next 6 months.

TOP PICK
TOP PICK
April 8, 2014

Primarily in Colombia. Extremely prospective. Oil and gas. Cash flow growth of 40%+ year-over-year. Thinks the production guidance is conservative and will be re-rated. Extremely strong balance sheet that allows them to execute their business plan. Have big partners that will help them finance growth going forward. It will be volatile, but for somebody who is patient and likes growth, this is one you definitely want to own.

Show full opinionHide full opinion

Primarily in Colombia. Extremely prospective. Oil and gas. Cash flow growth of 40%+ year-over-year. Thinks the production guidance is conservative and will be re-rated. Extremely strong balance sheet that allows them to execute their business plan. Have big partners that will help them finance growth going forward. It will be volatile, but for somebody who is patient and likes growth, this is one you definitely want to own.

SELL
SELL
February 21, 2014

It is probably a little ahead of itself. There are other juniors that have performed in this fashion. He is still nervous on the juniors. He focuses on good dividend payers. Take your profit and put it in something a little safer.

Show full opinionHide full opinion
Canacol Energy Ltd. (CNE-T)
February 21, 2014

It is probably a little ahead of itself. There are other juniors that have performed in this fashion. He is still nervous on the juniors. He focuses on good dividend payers. Take your profit and put it in something a little safer.

TOP PICK
TOP PICK
December 19, 2013

Thinks we could see more results before Christmas. There is still a lot of upside here. There are a lot of catalysts here. They are working with some of the majors. Net backs have been increasing dramatically.

Show full opinionHide full opinion
Canacol Energy Ltd. (CNE-T)
December 19, 2013

Thinks we could see more results before Christmas. There is still a lot of upside here. There are a lot of catalysts here. They are working with some of the majors. Net backs have been increasing dramatically.

COMMENT
COMMENT
December 6, 2013

Sold her holdings in order to take a profit. They will likely be coming out with some pretty great reserve news in the next few weeks, which may help the stock further. Good management. Assets are definitely improving from where they were a few years ago. Mostly focused in Colombia.

Show full opinionHide full opinion

Sold her holdings in order to take a profit. They will likely be coming out with some pretty great reserve news in the next few weeks, which may help the stock further. Good management. Assets are definitely improving from where they were a few years ago. Mostly focused in Colombia.

HOLD
HOLD
December 6, 2013

Very interesting little oil/gas company operating in Colombia. Stock had a good run in the last little while. Drilled an exploration well that has some really good shows. Haven’t tested it yet, but the logs show a lot of pay in the well. Also, have a new potential shale play in Colombia. His only concern is the management, which has overpromised and under delivered.

Show full opinionHide full opinion

Very interesting little oil/gas company operating in Colombia. Stock had a good run in the last little while. Drilled an exploration well that has some really good shows. Haven’t tested it yet, but the logs show a lot of pay in the well. Also, have a new potential shale play in Colombia. His only concern is the management, which has overpromised and under delivered.

TOP PICK
TOP PICK
October 24, 2013

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.

Show full opinionHide full opinion

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.

COMMENT
COMMENT
July 12, 2013

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.

Show full opinionHide full opinion

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.

TOP PICK
TOP PICK
July 11, 2013

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.

Show full opinionHide full opinion

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.

WATCH
WATCH
June 13, 2013

Chart is so similar to so many of the resource stocks right now. Consolidation is shown from late 2012 on. There has been support on this at around $2.50. There is a little bit of a series of lower highs versus being flat. If it breaks out, he feels that’s an indication the story is good.

Show full opinionHide full opinion

Chart is so similar to so many of the resource stocks right now. Consolidation is shown from late 2012 on. There has been support on this at around $2.50. There is a little bit of a series of lower highs versus being flat. If it breaks out, he feels that’s an indication the story is good.

BUY
BUY
April 3, 2013

Most of the Colombian names have lagged over the last couple of years. Had some hiccups, but recently signed a deal with Exxon who will start to pay for some of their explorations. Good story at this price. Undervalued.

Show full opinionHide full opinion

Most of the Colombian names have lagged over the last couple of years. Had some hiccups, but recently signed a deal with Exxon who will start to pay for some of their explorations. Good story at this price. Undervalued.

PAST TOP PICK
PAST TOP PICK
January 2, 2013

(A Top Pick Jan 4/12. Down 15.97%.) Ran into a series of dry holes in Colombia and they weren’t replacing their reserves, so he Sold and took a bit of a hit. Was out of it well before the full decline.

Show full opinionHide full opinion

(A Top Pick Jan 4/12. Down 15.97%.) Ran into a series of dry holes in Colombia and they weren’t replacing their reserves, so he Sold and took a bit of a hit. Was out of it well before the full decline.

HOLD
HOLD
December 27, 2012

Things are looking up for the company. Some great results should be coming out fairly soon. Targets are fairly large. Thinks it has been sold off too heavily. Good management. If you own, continue to hold until some of the drill results come out.

Show full opinionHide full opinion
Canacol Energy Ltd. (CNE-T)
December 27, 2012

Things are looking up for the company. Some great results should be coming out fairly soon. Targets are fairly large. Thinks it has been sold off too heavily. Good management. If you own, continue to hold until some of the drill results come out.

BUY
BUY
December 10, 2012

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.

Show full opinionHide full opinion
Canacol Energy Ltd. (CNE-T)
December 10, 2012

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
SELL
October 11, 2012

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.

Show full opinionHide full opinion

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
BUY
August 3, 2012

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)

Show full opinionHide full opinion

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
WEAK BUY
July 30, 2012

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.

Show full opinionHide full opinion

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
WEAK BUY
June 15, 2012
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.
Show full opinionHide full opinion
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
HOLD
April 27, 2012
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.
Show full opinionHide full opinion
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.