Canacol Energy (CAAEF.PK) is a Canadian domiciled junior oil explorer and producer operating predominantly in Colombia, and is the fifth largest operator in Colombia by proven reserves and daily production. Like its peers, its share price has failed to perform on the back of investors becoming more risk averse and avoiding investments in what are perceived to be high risk operating environments. However, I believe that Canacol presents as a deep-value investment opportunity for risk tolerant investors and is offering investors potential upside of around 60%.
Why Canacol is a Deep-value Investment Opportunity
I last reviewed Canacol in January 2013 and concluded that the company was heavily undervalued by the market and poised to double in value. While I have...
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