Canacol Energy Offers Attractive Yield, Unaffected by US Natural Gas Prices
April 4, 2023
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Canacol Energy ($TSX:CNE) (TSX:CNE:CA) offers investors a unique opportunity to benefit from its generous 9% yield, which is unaffected by U.S. natural gas prices. Canacol Energy is an exploration and development company specializing in hydrocarbon production in Latin America. It has operations in Colombia, Guyana, Brazil, and Suriname, as well as investments in Canada and the USA. Canacol Energy has a strong track record of consistent production and has a diverse portfolio of assets in several Latin American countries. In addition to its core production, Canacol Energy is actively exploring new opportunities in the region.
Canacol Energy has established a strong presence in the Latin American energy industry, and its 9% yield is a testament to its success. Its yields are not affected by U.S. natural gas prices, allowing investors to benefit from their investments no matter the market conditions. This makes Canacol Energy an attractive investment option for those looking to diversify their portfolios and benefit from their investments even in volatile markets.
Stock Price
On Monday, CANACOL ENERGY stock opened at CA$11.5 and closed at CA$11.8, up by 4.4% from last closing price of 11.3. This increase in price is largely due to its attractive yield and lack of dependence on US natural gas prices. The company’s operations are located in the Llanos Basin in Colombia, an area that has proven to be an attractive destination for oil and gas exploration and production. CANACOL ENERGY is well-positioned to benefit from this advantageous region, as it has a strong presence in the basin, with exploration and production operations in numerous fields.
Additionally, the company’s assets are situated in regions that are not affected by US natural gas prices, making it an attractive investment for those looking for a yield that is not dependent on US natural gas prices. The company has a strong track record of successful exploration and production, as it has produced and maintained production growth above industry averages for several years. This has resulted in considerable growth in reserves and production volumes, making it a prime investment candidate for those looking for an attractive yield that is not dependent on US natural gas prices. With its attractive yield and position in the Llanos Basin, CANACOL ENERGY is well-positioned to continue to be an attractive destination for oil and gas exploration and production. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Canacol Energy. More…
| Total Revenues | Net Income | Net Margin |
| 335.71 | 147.27 | 48.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Canacol Energy. More…
| Operations | Investing | Financing |
| 185.43 | -179.91 | -80.67 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Canacol Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.01k | 722.91 | 8.56 |
Key Ratios Snapshot
Some of the financial key ratios for Canacol Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.5% | 11.5% | 29.8% |
| FCF Margin | ROE | ROA |
| 27.9% | 27.4% | 6.2% |
Analysis
At GoodWhale, we recently conducted an analysis of CANACOL ENERGY‘s fundamentals. Our assessment determined that this company is a medium risk investment when considering its financial and business aspects. When drilling further into the details, we detected two risk warnings in the income sheet and balance sheet. To view our full analysis, become a registered user with GoodWhale. We offer comprehensive reports that are tailored to the individual investor, so you can make informed decisions about your investments. More…
Peers
The company was founded in 2002 and is headquartered in Calgary, Alberta, Canada. Canacol Energy Ltd’s primary competitors are Sterling Energy Resources Inc, Velocity Energy Inc, and Bakken Energy Corp.
– Sterling Energy Resources Inc ($OTCPK:SGER)
Velocity Energy Inc. is a Canadian oil and gas company with a market capitalization of $2.29M as of 2022. The company is engaged in the exploration, development and production of oil and natural gas properties in Canada. Velocity Energy’s primary focus is on the development of its Montney natural gas assets in British Columbia. The company’s Montney assets are located in the Peace River Arch region, where it holds approximately 100,000 net acres of land. Velocity Energy is headquartered in Calgary, Alberta.
– Velocity Energy Inc ($OTCPK:VCYE)
Bakken Energy Corp is a publicly traded company with a market capitalization of 383.21k as of 2022. The company is engaged in the exploration, production, and development of oil and gas properties. Bakken Energy Corp has a return on equity of 1.81%.
Summary
Canacol Energy (TSX:CNE:CA) is an energy stock that offers a high dividend yield of 9%, making it an attractive investment for income-minded investors. The company has a diversified portfolio of natural gas projects in Colombia, Ecuador, Guyana and Brazil, making it relatively immune to fluctuations in U.S. natural gas prices. The stock recently moved up the same day, suggesting positive sentiment among investors.
Analysts are optimistic about Canacol Energy’s future prospects, given its solid balance sheet and attractive risk/return profile. The company’s experienced management team is expected to fully leverage the potential of its assets, further positioning it for more sustainable long-term growth.
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