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Last C$2.61 CAD
Change Today -0.10 / -3.69%
Volume 363.1K
As of 11:30 AM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

canacol energy ltd (CNE) Snapshot

Open
C$2.66
Previous Close
C$2.71
Day High
C$2.66
Day Low
C$2.59
52 Week High
07/16/14 - C$7.40
52 Week Low
12/16/14 - C$1.40
Market Cap
323.7M
Average Volume 10 Days
449.3K
EPS TTM
C$-0.17
Shares Outstanding
124.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CANACOL ENERGY LTD (CNE)

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canacol energy ltd (CNE) Details

Canacol Energy Ltd., an oil and gas company, primarily engages in the exploration, development, and production of petroleum and natural gas in Colombia, Ecuador, Brazil, and Peru. Its areas of oil and gas exploration include 5 various basins in Colombia and Ecuador across 23 E&P contracts representing 1.8 million net acres. The company was incorporated in 1970 and is headquartered in Calgary, Canada.

249 Employees
Last Reported Date: 09/23/14
Founded in 1970

canacol energy ltd (CNE) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$427.7K
Vice President of Business Development, Gener...
Total Annual Compensation: C$309.9K
Chief Finance Officer (On Leave of Absence)
Total Annual Compensation: C$299.8K
Executive Vice President of Business Developm...
Total Annual Compensation: C$309.9K
Vice President of Exploration
Total Annual Compensation: C$288.8K
Compensation as of Fiscal Year 2014.

canacol energy ltd (CNE) Key Developments

Canacol Energy Ltd Announces Executive Changes

Canacol Energy Ltd. announced that George Gramatke, the Chief Financial Officer of the corporation, will take a leave of absence for personal reasons effective from June 1, 2015 until November 30, 2015. Jason Bednar, a director of the corporation and the Chairman of its Audit Committee since inception, will assume the Chief Financial Officer responsibilities during this period and Mr. Gramatke will remain available on a consulting basis. Michael Hibberd will be appointed Chair of the Audit Committee of the corporation as Mr. Bednar will resign from the Audit Committee during this period. Jason Bednar is a Chartered Accountant with more than 18 years of direct professional experience in the financial and regulatory management of oil and gas companies listed on the Toronto Stock Exchange, TSX Venture Exchange and American Stock Exchange. Mr. Bednar has been the CFO of several international oil and gas exploration companies and the founding Chief Financial Officer of Pan Orient Energy Corp.

Canacol Energy Ltd Reports Earnings and Operating Results for the Third Quarter and Nine Months Ended March 31, 2015

Canacol Energy Ltd. reported earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, the company reported petroleum and natural gas revenues, net of royalties of $26.429 million compared with $55.653 million for the same period last year. Cash used in operating activities was $2.011 compared with cash provided by operating activities was $13.099 million for the same period last year. Diluted loss per share was 0.02 compared with diluted earnings per share were $0.14 per share for the same period last year. Adjusted funds from operations were $10.922 million compared with $33.161 million for the same period last year. Net loss was $16.638 million or $0.14 diluted per share compared with net income was $19.348 million 0.21 diluted per share for the same period last year. Capital expenditures, net were $69.778 million compared with $35.915 million for the same period last year. For the nine months, the company reported petroleum and natural gas revenues, net of royalties of $121.750 million compared with $146.043 million for the same period last year. Cash provided by operating activities was $75.350 million compared with $69.229 million for the same period last year. Diluted per share was 0.69 compared with $0.78 per share for the same period last year. Adjusted funds from operations were $71.036 million or $0.65 diluted per share compared with $74.920 million or $0.85 diluted per share for the same period last year. Net loss was $47.498 million or $0.44 diluted per share compared with net income was $12.007 million 0.14 diluted per share for the same period last year. Capital expenditures, net were $188.407 million compared with $76.072 million for the same period last year. For the quarter, petroleum production before royalties was 10,950 (boepd) compared to 10,893 boepd a year ago. Natural gas production before royalties was 11,098 boepd compared to 11,418 boepd a year ago. For the nine months, petroleum production before royalties was 12,017 (boepd) compared to 10,034 boepd a year ago. Natural gas production before royalties was 11,942 boepd compared to 9,855 boepd a year ago.

Canacol Energy Ltd Announces Production Guidance for the Calendar Year of 2015

Canacol Energy Ltd. announced production guidance for the calendar Year of 2015. For the quarter, the company’s net average production before royalties of between 10,000 and 12,000 barrels of oil equivalent per day ("boepd"). Included therein, 65 million standard cubic feet per day ("MMcfpd") (11,404 boepd) of new gas sales are anticipated to come on stream in December 2015. Calendar 2015 expected net average production consists of approximately 60% combined natural gas from Colombia and tariff oil from Ecuador, whereby natural gas is subject to various long-term sales contracts ranging from contracts based on the Guajira price index, currently set at USD 5.08/Million British Thermal Units ("MMbtu") (USD 28.96/boe), and new contracts expected to commence in December 2015 with fixed prices ranging from USD 5.40 to USD 8.00/MMbtu (USD 30.78 to USD 45.60/boe) and subject to future price escalations, while tariff oil is subject to a fixed price tariff contract.

 

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Price/Book 0.7x
Price/Cash Flow 4.7x
TEV/Sales NM Not Meaningful
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