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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (85327)	6/23/2020 2:10:37 PM
From: Goose94	Read Replies (1) \| Respond to of 202925

Canacol Energy (CNE-T) revisited 3.0 top pick from Josef Schachter on BNN.ca Market Call Tuesday June 23rd @ 1200ET Canacol is a natural gas producer in Colombia that gets a fabulous price of US$3.60 per thousand cubic feet. Production in Q1/20 was 35,648 boe/d, up 62 per cent from Q1/19. Cash flow was US$38 million, up 51 per cent from last year. Our forecast for this year is US$158 million or US$0.87 annual cash flow. Further growth can come from ongoing development drilling and from high impact exploration activity, allowing them to enter new markets in gas-short Colombia. Canacol has a market cap over $660 million. Our one-year target is $5 per share. It pays a $0.052 quarterly dividend, providing a yield of 5.7 per cent. We see the dividend as sustainable. We have an SER Quality Score Rating of “A” on Canacol. Buy on weakness below $3.40 per share.