Last C$6.84 CAD
Change Today -0.04 / -0.58%
Volume 393.3K
CNE On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
Bogota
As of 4:00 PM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).

canacol energy ltd (CNE) Snapshot

Open
C$6.75
Previous Close
C$6.88
Day High
C$6.88
Day Low
C$6.72
52 Week High
05/2/14 - C$8.77
52 Week Low
07/11/13 - C$3.13
Market Cap
735.9M
Average Volume 10 Days
470.9K
EPS TTM
C$-0.20
Shares Outstanding
107.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CANACOL ENERGY LTD (CNE)

Related News

No related news articles were found.

canacol energy ltd (CNE) Related Businessweek News

No Related Businessweek News Found

canacol energy ltd (CNE) Details

Canacol Energy Ltd., an international oil and gas company, together with its subsidiaries, explores for, develops, and produces petroleum and natural gas primarily in Colombia, Ecuador, Brazil, Guyana, and Peru. It has interests in 26 exploration and production contracts that consist of proven oil producing assets, and exploration inventory of conventional and unconventional oil prospects. The company was incorporated in 1970 and is headquartered in Calgary, Canada.

216 Employees
Last Reported Date: 09/25/13

canacol energy ltd (CNE) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$365.1K
Chief Financial Officer
Total Annual Compensation: C$272.5K
Vice President of Business Development, Gener...
Total Annual Compensation: C$264.2K
Vice President of New Ventures
Total Annual Compensation: C$264.2K
Vice President of Business Development for Co...
Total Annual Compensation: C$264.2K
Compensation as of Fiscal Year 2013.

canacol energy ltd (CNE) Key Developments

Canacol Energy Ltd Revises Production Guidance for 2014

Canacol Energy Ltd. provided the following update concerning the strategic acquisition of an additional 10% working interest from Petromont Colombia S.A. As a result of the acquisition the Corporation is revising its production guidance from 12,500 to 13,500 boepd net before royalty to 13,000 to 14,000 boepd net before royalty for calendar 2014 with an anticipated exit rate for December 2014 of approximately 18,000 boepd.

Canacol Expands Colombia, Ecuador Drilling Program

Canacol Energy Ltd. plans to expand its drilling and development programs in Colombia and Ecuador following strong exploration results so far this year. The revised programs include plans to drill 13 gross exploration wells (versus the 11 originally planned), 43 gross development wells (versus the 36 originally planned), and work over 13 existing producing wells in its oil fields in the two countries. The firm will fund the expanded programs from existing cash, capital and debt facilities as well as proceeds from a recent bought equity deal.

Canacol Energy Ltd Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2014; Announces Production in the Pantro-1 Well

Canacol Energy Ltd. reported earnings results for the third quarter and nine months ended March 31, 2014. For the quarter, the company reported petroleum and natural gas revenues, net of royalties of $55.653 million compared with $34.602 million for the same period last year. Cash provided by operating activities was $13.099 million compared with $8.520 million for the same period last year. Diluted per share was 0.14 compared with $0.10 per share for the same period last year. Adjusted funds from operations were $32.274 million compared with $14.778 million for the same period last year. Net income was $19.438 million or $0.21 diluted per share compared with net loss $3.425 million 0.04 diluted per share for the same period last year. Capital expenditures, net were $35.915 million compared with $3.021 million for the same period last year. For the nine months, the company reported petroleum and natural gas revenues, net of royalties of $146.043 million compared with $102.394 million for the same period last year. Cash provided by operating activities was $69.229 million compared with $4.316 million for the same period last year. Diluted per share was 0.78 compared with $0.06 per share for the same period last year. Adjusted funds from operations were $72.151 million or $0.35 diluted per share compared with $32.052 million or $0.17 diluted per share for the same period last year. Net income was $12.007 million or $0.14 diluted per share compared with net loss $8.761 million 0.12 diluted per share for the same period last year. Capital expenditures, net were $76.072 million compared with $37.444 million for the same period last year. The company announced that it has completed the second production test in the Pantro-1 well. The first production test was performed on the Gacheta reservoir which tested at a gross rate of 2,930 barrels of oil per day ("bopd") (2,344 bopd net). The second test was performed on the Mirador reservoir which tested at a final gross rate of 1,038 bopd (830 bopd net) of 36degAPI oil at 110degF with 2% water cut using an electro submersible pump set to a frequency of 42 Hz during a seven day flow period. This marks the first oil production from the Mirador reservoir from any well on the LLA-23 block and confirms its viability as a viable productive reservoir on the block.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CNE:CN C$6.84 CAD -0.04

CNE Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for CNE.
View Industry Companies
 

Industry Analysis

CNE

Industry Average

Valuation CNE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.0x
Price/Book 2.1x
Price/Cash Flow 7.3x
TEV/Sales 2.6x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CANACOL ENERGY LTD, please visit www.canacolenergy.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.