Ein attraktiver Ölwert aus Kolumbien, etwas riskanter, aber die Dividende ist relativ hoch.
Canacol Energy Ltd. Reports Record Adjusted EBITDAX of $86 Million for the Third Quarter of 2024
Adjusted EBITDAX increased 38% and 20% to $85.8 million and $220.1 million for the three and nine months ended September 30, 2024, respectively, compared to $62.1 million and $183.7 million for the same periods in 2023, respectively. The increase is mainly due to a) an increase in realized sales price of natural gas and liquefied natural gas (“LNG”), which averaged $6.69 and $6.71 per Mcf, net of transportation, for the three and nine months ended September 30, 2024, respectively, representing a 24% and 29% increase from the same periods in 2023, respectively, and b) a $14.2 million gain related to an arbitration settlement during the three months ended September 30, 2024.
The Corporation was in arbitration with Promigas S.A. (“Promigas”), a natural gas transportation company in Colombia, regarding a dispute in the amount of transportation costs charged. During the three months ended September 30, 2024, the arbitration tribunal ruled in the Corporation’s favor and ordered Promigas to reimburse Canacol for the amount overcharged plus interest, totaling $14.2 million (the “Settlement”). The Settlement was recorded as other income for the three months ended September 30, 2024, and was collected in full on November 6, 2024.
Adjusted funds from operations increased 18% and 36% to $57.9 million and $157.3 million for the three and nine months ended September 30, 2024, respectively, compared to $49.0 million and $115.3 million for the same periods in 2023, respectively, mainly due to an increase in EBITDAX.
https://www.theglobeandmail.com/investing/markets/...quarter-of-2024/ |
