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

To: Goose94 who wrote (87730)	11/13/2020 11:38:46 AM
From: Goose94	Read Replies (1) \| Respond to of 203026

Canacol Energy (CNE-T) Mackie Research Buy Target $7.50 Canacol announced its Q3/20 financial and operational results. Contracted natural gas sales production in Q3/20 average 163.0 MMcf/d, which was in line with our forecast of 165.1 MMcf/d. Adjusted funds flow of US$33.5 million ($0.18/fd share) matched our forecast of US$33.5 million ($0.18/fd share). In the balance of 2020, CNE plans to commence drilling of two additional exploration wells (Flauta 1 and Siku-1). We maintain our BUY recommendation and our $7.50 target price on CNE’s substantial natural gas production base sold under long term contracts, which provides a stable cash flow stream to fund the growth of the company.