Is Canacol Energy Ltd’s Fuel For Real? The Stock Just Lifted Again

 Is Canacol Energy Ltd's Fuel For Real? The Stock Just Lifted Again

The stock of Canacol Energy Ltd (TSE:CNE) is a huge mover today! About 136,587 shares traded hands. Canacol Energy Ltd (TSE:CNE) has risen 25.45% since March 28, 2016 and is uptrending. It has outperformed by 22.44% the S&P500.
The move comes after 8 months positive chart setup for the $699.39 million company. It was reported on Nov, 1 by Barchart.com. We have $5.23 PT which if reached, will make TSE:CNE worth $174.85 million more.

Canacol Energy Ltd (TSE:CNE) Ratings Coverage

Out of 4 analysts covering Canacol Energy (TSE:CNE), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $6.90 is the highest target while $2.10 is the lowest. The $5.58 average target is 33.49% above today’s ($4.18) stock price. Canacol Energy has been the topic of 12 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The stock of Canacol Energy Ltd (TSE:CNE) has “Outperform” rating given on Tuesday, June 7 by Scotia Capital. The company was maintained on Wednesday, August 24 by Scotia Capital. The rating was maintained by Scotia Capital on Thursday, September 22 with “Outperform”.

More important recent Canacol Energy Ltd (TSE:CNE) news were published by: Marketwired.com which released: “Canacol Energy Ltd. Tests Nispero 1 Exploration Well at 28 MMSCFPD, Expands …” on August 23, 2016, also Marketwired.com published article titled: “Canacol Energy Ltd. Tests Trombon 1 Discovery at 26 MMSCFPD”, Marketwired.com published: “Canacol Energy Ltd. Provides Production and Operations Update: Current …” on February 16, 2016. More interesting news about Canacol Energy Ltd (TSE:CNE) was released by: Marketwired.com and their article: “Canacol Energy Ltd. Announces Strategic Financing With Apollo Investment …” with publication date: October 29, 2014.

Canacol Energy Ltd. is a Canada-based gas and oil exploration and production company. The company has a market cap of $699.39 million. The Firm is engaged in petroleum and natural gas exploration and development activities in Colombia and Ecuador. It currently has negative earnings. It owns approximately 0.5% interest in Oleoducto Bicentenario de Colombia , which owns a pipeline system that focuses on linking Llanos basin oil production to the Cano Limon oil pipeline system.

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