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

Canacol Energy: Significantly Undervalued, With Solid Production And Reserve Growth Set To Continue Coupled With A Range Of Compelling Catalysts

Introduction

Canadian domiciled small-cap O&G explorer and producer Canacol Energy (OTCQX:CNNEF), which operates predominantly in Colombia continues to perform strongly. When I last wrote on Canacol in July 2013, I found the company was undervalued offering investors potential upside of 60%, with a price target of $5.26 per share.

Since that article Canacol's share price has shot up almost 94%, well in excess of the potential upside identified. In this article, I will illustrate why the company still offers investors considerable potential upside, with a range of newly emerging catalysts set to significantly boost operational performance and send its share price soaring higher.

Key catalyst: Production continues to grow significantly

For the calendar fourth quarter 2013

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