Caiman Valores
Contrarian, long-term horizon, research analyst, value

Canacol Energy Undervalued And Set To More Than Double Over The Next Year

Canacol Energy Undervalued And Set To Double Over The Next Year

Since the security situation in Colombia began to stabilize in the early 2000s, the country became a hot spot for oil and gas exploration, with a number of Canadian domiciled oil exploration and producers leading the charge. One of the most interesting of these is Canacol Energy (CAAED.PK), an exploration and production micro-cap focused on onshore operations in Colombia and Ecuador. Over the last year, its stock has fallen by around 60% in value and this I believe in conjunction with a number of emerging positive catalysts, makes it a deep value investment opportunity for risk tolerant investors.

The company

Canacol, which trades on the Toronto stock exchange...

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