November 02, 2015
The company does not sell its oil to the WTI or Edmonton price like most US based and Canadian companies that operate in North Dakota, Texas, etc.Reasons for the upside potentialThese below are the factors which can trigger a significant rise at the share price:1) The gross undervaluation of Canacolmoncler coats cheapin comparison with the other oil weighted peers in Colombia and South America, like BPZ Resources (BPZ), Americas Petrogas (OTCPK:APEOF), Parex Resources (OTC
ARXF), Gran Tierra Energy (GTE) or Petrominerales (OTCPK
MGLF).2) According to its Q3 2012 report, Canacol expects to close the following transactionscheap christian louboutin shoesduring the October December 2012 period:a) The sale of part or all of its working interests in the Ca Los Totumos, LLA 10, and Morochito E contracts, along with its interest in the Entrerrios production contract, which are all considered immaterial to its Colombian portfolio. The company ownsmulberry outlet ukLLA 10 E contract (39% working interest), Ca Los Totumos E contract (51% working interest), Morichito E contract (15% working interest) and Entrerrios production contract (operator, 60% working interest).b) The farm out of its Brazil REC T 170 (operator, 100% working interest) and its Guyana Takutuprada outlet onlinePPL (operator, 70% working interest) land as Brazil and Guyana are considered non core for the Corporation. The Corporation is in advanced negotiations with a potential partner to farm out 50% of its 100% operated working interest in the REC T 170 block and all or part of its working interest in the Takutuair max pas cherPPL in 2012.
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