Investment Thesis Summary
Canacol has done a good job. On the back of the completion of the Promigas pipeline, they announced that it has already reached sales of 217Mcfpd, well above the 113Mcfpd in 2018.
The company has become an industry leading natural gas supplier to the Caribbean Coast. Its position there is protected by long-term gas sales contracts, and its financials are secured by high-quality, low F&D cost gas reserves.
I have been positive on Canacol's investment case on the back of a strong long-term production outlook, increased pipeline gas flow capacity and a