Last post on CNE.TO for a while! I just think this is a great buy opp for another double by H1-2019 on the gas contracts alone and oil price upside is a bonus beyond that. Besides...it is so quiet here....
If you recall from 1.5 years ago my concern was that the implementation of CREE tax in Colombia (25% corporate tax plus 14% CREE on top of that for 2017) was a big negative on Canacol long term. Things have change and new tax reform that reduces the tax rate from 39% in 2017 to 32/33% in 2019 (when Canacol actually hits 40,000 boepd) has made the story brighter.
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