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The latest announcement is out from Canacol Energy ( (TSE:CNE) ).
Canacol Energy Ltd. reported robust financial performance in 2024, surpassing its EBITDAX guidance driven by higher natural gas and electricity prices in Colombia. The company’s drilling activities showed mixed results with successful gas finds at several wells, while one well was abandoned due to non-commercial gas presence.
More about Canacol Energy
Canacol Energy Ltd. is a company operating in the oil and gas industry, primarily focused on the exploration and production of natural gas in Latin America. The company has a significant market presence in Colombia, where it conducts drilling and exploration activities aimed at increasing its natural gas reserves and production capacity.
YTD Price Performance: -13.65%
Average Trading Volume: 10,194
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $82.54M
Learn more about CNE stock on TipRanks’ Stock Analysis page.