Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last C$3.55 CAD
Change Today 0.00 / 0.00%
Volume 737.5K
CNE On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
Bogota
As of 4:00 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

canacol energy ltd (CNE) Snapshot

Open
C$3.55
Previous Close
C$3.55
Day High
C$3.65
Day Low
C$3.49
52 Week High
05/2/14 - C$8.77
52 Week Low
12/16/14 - C$1.40
Market Cap
414.0M
Average Volume 10 Days
898.3K
EPS TTM
C$0.13
Shares Outstanding
116.6M
EX-Date
--
P/E TM
22.0x
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 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
Chief Financial Officer
Total Annual Compensation: C$299.8K
Vice President of Business Development, Gener...
Total Annual Compensation: C$309.9K
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. Reports Earnings and Operating Results for the Second Quarter and Six Months Ended December 31, 2014

Canacol Energy Ltd. reported earnings and operating results for the second quarter and six months ended December 31, 2014. For the quarter, the company reported petroleum and natural gas revenues, net of royalties of $36,404,000 compared to $42,168,000 a year ago. Cash provided by operating activities was $31,743,000 or $0.29 diluted per share compared to $36,406,000 or $0.41 diluted per share a year ago. Adjusted funds from operations was $22,952,000 or $0.21 basic and diluted per share compared to $16,713,000 or $0.19 basic and diluted per share a year ago. Net loss was $45,970,000 or $0.43 basic and diluted per share compared to $10,412,000 or $0.12 basic and diluted per share a year ago. Capital expenditures, net were $78,403,000 compared to $22,749,000 a year ago. For the six months period, the company reported petroleum and natural gas revenues, net of royalties of $95,321,000 compared to $90,390,000 a year ago. Cash provided by operating activities was $77,361,000 or $0.71 diluted per share compared to $56,130,000 or $0.64 diluted per share a year ago. Adjusted funds from operations were $60,114,000 or $0.55 diluted per share compared to $41,759,000 or $0.48 diluted per share a year ago. Net loss was $31,860,000 or $0.30 basic and diluted per share compared to $7,431,000 or $0.09 basic and diluted per share a year ago. Capital expenditures, net were $125,925,000 compared to $40,157,000 a year ago. For the quarter, petroleum production before royalties was 8,586 barrels of oil equivalent per day (boepd) compared to 6,998 boepd a year ago. Natural gas production before royalties was 3,236 boepd compared to 3,097 boepd a year ago. For the six months, petroleum production before royalties was 9,254 barrels of oil equivalent per day (boepd) compared to 6,555 boepd a year ago. Natural gas production before royalties was 3,285 boepd compared to 3,060 boepd a year ago.

Canacol Energy Ltd Tests 45 MMSCFPD (7,947 BOEPD) from Two Zones at Clarinete 1 Gas Discovery in Colombia

Canacol Energy Ltd. announced that Clarinete 1, has tested at a final gross rate of 24.7 million standard cubic feet per day ('mmscfpd') (4,333 barrels of oil equivalent 'boepd') of dry gas with no water from the Upper Cienaga de Oro ('CDO') reservoir in the second of two production tests over two separate reservoir intervals. As previously reported, the Lower CDO tested at a final gross rate of 20.6 mmscfpd (3,606 boepd) of dry gas with no water. The combined gross deliverability of the Clarinete 1 well from both intervals is approximately 45.3 mmscfpd (7,947 boepd). Canacol, through its subsidiary CNE Oil & Gas S.A.S., holds a 100% operated interest in the VIM 5 E&P contract. Both gas sales from Esperanza (currently sold based on the Guajira price index of USD 5.08/mmbtu or USD 28.96/boe) and tariff oil from Ecuador (USD 38.54/bbl), together comprising approximately 42% of production in FQ1 2015, are completely insensitive to world oil prices, offering the Corporation a significant degree of protection from the current effects of falling benchmark oil prices. The total gross productive capacity of Canacol's existing gas wells at its Nelson (Nelson 2, 3, 4 and 5), Palmer (Palmer 1) and Clarinete (Clarinete 1) gas fields is approximately 120 mmscfpd, more than sufficient to satisfy the 83 mmscfpd required to fulfill its contractual sales obligations in late calendar 2015. The Corporation is planning to double the capacity of its operated Jobo gas processing facility from the current level of 50 mmscfpd to 100 mmscfpd by midyear calendar 2015 at a cost of approximately USD 3 million. Canacol is an exploration and production company with operations focused in Colombia and Ecuador.

Canacol Energy Ltd. Appoints Francisco Diaz to its Board of Directors

Canacol Energy Ltd. announced the appointment of Mr. Francisco Diaz to the board of directors with immediate effect. Mr. Diaz is an international CEO and General Manager with a proven track record in multinational and private companies across various industries. He is currently a Managing Partner of Evolvere Capital, a Private Equity firm that manages various portfolio companies in Colombia and Latin America, and also serves on the board of several portfolio and publicly traded companies in Latin America. Diaz brings broad experience in industrial and consumer sectors, both locally within Colombia and internationally. From 2004 -2011 he was President and CEO of Organizacion Corona. Prior to his association with Corona, he was with Monsanto Company in St. Louis, MO (1991-2003) where he held various executive positions among them President of the Global Food Ingredients Division, Corporate Vice President of Global Strategy, IL and Vice President and General Manager for Latin America in Buenos Aires, Argentina.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CNE:CN C$3.55 CAD 0.00

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 1.5x
Price/Book 0.8x
Price/Cash Flow 3.9x
TEV/Sales NM Not Meaningful
 | 

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.