Will Canacol Energy Ltd Short Squeeze Soon?

 Will Canacol Energy Ltd Short Squeeze Soon?

The stock of Canacol Energy Ltd (TSE:CNE) is a huge mover today! About 95,000 shares traded hands. Canacol Energy Ltd (TSE:CNE) has risen 18.89% since April 20, 2016 and is uptrending. It has outperformed by 13.48% the S&P500.
The move comes after 5 months negative chart setup for the $871.10 million company. It was reported on Nov, 24 by Barchart.com. We have $4.35 PT which if reached, will make TSE:CNE worth $60.98M less.

Canacol Energy Ltd (TSE:CNE) Ratings Coverage

Out of 5 analysts covering Canacol Energy (TSE:CNE), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Canacol Energy has been the topic of 15 analyst reports since September 2, 2015 according to StockzIntelligence Inc. As per Thursday, September 22, the company rating was maintained by Scotia Capital. The stock has “Buy” rating given by TD Securities on Friday, November 11. The firm has “Outperform” rating given on Tuesday, June 7 by Scotia Capital. The stock has “Outperform” rating given by Scotia Capital on Wednesday, August 24.

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 Bloomberg.com published article titled: “Top Colombia Stock Canacol Energy Nears New Gas Sale Contracts”, Marketwired.com published: “Canacol Energy Ltd. Announces Closing of Private Placement” on August 02, 2016. More interesting news about Canacol Energy Ltd (TSE:CNE) was released by: Marketwired.com and their article: “Canacol Energy Ltd. Tests 26 MMSCFPD (4561 BOEPD) from First of Three Planned …” with publication date: February 24, 2016.

Canacol Energy Ltd. is a Canada-based gas and oil exploration and production company. The company has a market cap of $871.10 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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