Q: What is your assessment of CNE. Why is it falling so much?
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: My two underperforming energy E&P stocks are CNE and PXT. Both seem restrained by their activity in Columbia, with the hostile new prez and increased taxation. What I think I know is as follows:
CNE is primarily nat gas, provides decent production reports and projections and is working to supply more regions via a pipeline project, paid for by and built by a Chinese partner, and scheduled for operation by 2024. CNE has more debt than peers, but largely at a fixed rate until 2028. Notwithstanding that they trade at 1.52XCF, yield >10%, have reduced their share count steadily through modest buy-backs and have optimistic guidance, the stock has steadily fallen to the point that I’m now down 43%! Thus, I could exploit a loss.
I’m still up somewhat on Parex, which has great financials and outlook, and seems widely loved by analysts, though this is not reflected in the recent price action. Parex is primarily oil, but in their most recent report, they note Columbia’s growing demand for nat gas and say that they plan to do more in that direction – supporting what Canacol has said. I have a modest gain on Parex, though the stock has performed poorly relative to its Canadian-based peers – thus no tax loss to be harvested, and delaying a sale until after tax loss season could be contemplated.
Am I missing something about one or both of these companies, or are they just mispriced? Sell CNE now and PXT later, or hold on?
CNE is primarily nat gas, provides decent production reports and projections and is working to supply more regions via a pipeline project, paid for by and built by a Chinese partner, and scheduled for operation by 2024. CNE has more debt than peers, but largely at a fixed rate until 2028. Notwithstanding that they trade at 1.52XCF, yield >10%, have reduced their share count steadily through modest buy-backs and have optimistic guidance, the stock has steadily fallen to the point that I’m now down 43%! Thus, I could exploit a loss.
I’m still up somewhat on Parex, which has great financials and outlook, and seems widely loved by analysts, though this is not reflected in the recent price action. Parex is primarily oil, but in their most recent report, they note Columbia’s growing demand for nat gas and say that they plan to do more in that direction – supporting what Canacol has said. I have a modest gain on Parex, though the stock has performed poorly relative to its Canadian-based peers – thus no tax loss to be harvested, and delaying a sale until after tax loss season could be contemplated.
Am I missing something about one or both of these companies, or are they just mispriced? Sell CNE now and PXT later, or hold on?
Q: Hi
I currently have Canacol energy in my portfolio . it has not performed well in relation to my other oil stocks .
should i hold or do you have a recommendation of another oil stock to switch to that also pays a high dividend
Thank you
Howard
I currently have Canacol energy in my portfolio . it has not performed well in relation to my other oil stocks .
should i hold or do you have a recommendation of another oil stock to switch to that also pays a high dividend
Thank you
Howard
Q: Hello 5i, Could you comment on Canacol as I notice that they have not participated in the rally in oil. Thanks
Q: How do you explain that the company underperform the others in the sector, geopolitics? thank you
Q: Hi team,
Regarding the last question on Canacol,the shares seemed to be "breaking out" but over the last week and a half and after their not so strong quarterly report what are your thoughts CNE going forward and would this be a good long term buying opportunity?
Many thanks,
Jean
Regarding the last question on Canacol,the shares seemed to be "breaking out" but over the last week and a half and after their not so strong quarterly report what are your thoughts CNE going forward and would this be a good long term buying opportunity?
Many thanks,
Jean
Q: Hi Guys,
Can I please get an update on your opinion of Canacol Energy (CNE). Seems to be breaking out, buying back shares and paying a nice 6% dividend yield. Is the dividend sustainable?
Thanks
Dave
Can I please get an update on your opinion of Canacol Energy (CNE). Seems to be breaking out, buying back shares and paying a nice 6% dividend yield. Is the dividend sustainable?
Thanks
Dave
Q: Hi team,
This company is very successful in the percentage of drilled wells, has paid of a large portion of it's debt, pays a healthy 6.2% dividend and is now being recommended as a very undervalued play by Motley fool, but who is being "fooled" as the stock price languishes? Would you recommend entering at this price for a two to three year hold?
Many thanks,
Jean
This company is very successful in the percentage of drilled wells, has paid of a large portion of it's debt, pays a healthy 6.2% dividend and is now being recommended as a very undervalued play by Motley fool, but who is being "fooled" as the stock price languishes? Would you recommend entering at this price for a two to three year hold?
Many thanks,
Jean
Q: Hi team,
What are your thoughts on this companies latest quater? Their debt level has been reduced, the dividend yield is at 6% ,but the share price keeps sliding from week to week.Seems like a very cheap stock ,but what would be the catalysts for it's share price to appreciate and attract investors? Many thanks,
Jean
What are your thoughts on this companies latest quater? Their debt level has been reduced, the dividend yield is at 6% ,but the share price keeps sliding from week to week.Seems like a very cheap stock ,but what would be the catalysts for it's share price to appreciate and attract investors? Many thanks,
Jean
Q: The company have a nice dividend, can you tell me what is the payout ratio and if it is sustainable, thank you
Q: What are your thoughts on Canacol's latest year end 2020 numbers?Would the net loss of 4.6 million due to non-cash deferred tax expense of 51.2 be a negative? The dividend seems safe but investors don't seem to pay much attention to this company!
Many thanks,
Jean
Many thanks,
Jean
Q: is the new gas contract with Pomigas a + or - from previous contract or from reality of what is actually going on. What was the dispute about.
TKS
TKS
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ARC Resources Ltd. (ARX)
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Tourmaline Oil Corp. (TOU)
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Enerplus Corporation (ERF)
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Canacol Energy Ltd. (CNE)
Q: I have losses on ERF and ARX, thinking of switching them to one or combination of CNE, SU and TOU or any suggestion you may have for less risk and better recovery. Your opinion please. Thanks
Q: Hi team,
Your response to a member's question on your "forward thoughts about CNE's Q3,s earnings were positive.Now that the earnings were out today, are your views still favourable?Total debt to total assets also seem reasonable.One year target prices vary from 7.00$ to 9.00$, seems overly "optimistic".
Many thanks,
Jean
Your response to a member's question on your "forward thoughts about CNE's Q3,s earnings were positive.Now that the earnings were out today, are your views still favourable?Total debt to total assets also seem reasonable.One year target prices vary from 7.00$ to 9.00$, seems overly "optimistic".
Many thanks,
Jean
Q: Canacol Energy
what are your expectations of Nov. 12 3rd quarter financials
what is your view of cne going forward
thank you
what are your expectations of Nov. 12 3rd quarter financials
what is your view of cne going forward
thank you
Q: i was listening to bloomberg this past week. And everyone has their picks. I trust this team much more than any one on there. They gave CNE an A and ESI a B+. What would be your thoughts on these 2 companies. THANKS again
Q: Hi team,
What is your current view on this company? It has had excellent drilling success, pays a 5% annual dividend, has it's debt level under control.I am thinking long term, that is three years. Do you think that their shares are undervalued and would it be appropriate to add for a long term, three year time horizon?
Many thanks,
Jean
What is your current view on this company? It has had excellent drilling success, pays a 5% annual dividend, has it's debt level under control.I am thinking long term, that is three years. Do you think that their shares are undervalued and would it be appropriate to add for a long term, three year time horizon?
Many thanks,
Jean
Q: Hi team,
What are your views on Canacol's latest earnings?Is their debt still considered to high which explains the market's negative reaction towards the share price or with the completion of their pipeline and expected increased cash flow ,this would be a good time to get in?
Many thanks,
Jean
What are your views on Canacol's latest earnings?Is their debt still considered to high which explains the market's negative reaction towards the share price or with the completion of their pipeline and expected increased cash flow ,this would be a good time to get in?
Many thanks,
Jean
Q: Hi team,
Canacol has been paying down debt, has also executed well on the completion of its pipeline scheduled for late June/19,and according to analyst will be earning 74cents a share in 2020.would this be a good time to purchase stocks ,do you see it as being undervalues and would 7.00$ a share in 18 months be a reasonable target price?
many thanks,
Jean
Canacol has been paying down debt, has also executed well on the completion of its pipeline scheduled for late June/19,and according to analyst will be earning 74cents a share in 2020.would this be a good time to purchase stocks ,do you see it as being undervalues and would 7.00$ a share in 18 months be a reasonable target price?
many thanks,
Jean
Q: Good morning team,
Regarding Canacol's fourth quarter figures published yesterday,could you clarify the 150.3 million (.85) share loss driven by non-cash impairment charges related to the Corp's assets held for sale....and is their balance sheet solid following non-core sale of asets?Going forward would this company appear undervalued?
Many thanks,
Jean
Regarding Canacol's fourth quarter figures published yesterday,could you clarify the 150.3 million (.85) share loss driven by non-cash impairment charges related to the Corp's assets held for sale....and is their balance sheet solid following non-core sale of asets?Going forward would this company appear undervalued?
Many thanks,
Jean