Diego Carvajal - Canacol Energy Vice President - New Ventures

CNE Stock  CAD 3.80  0.07  1.81%   

President

Mr. Diego Alfonso Carvajal is Vice President New Ventures of Canacol Energy Ltd. Mr. Carvajal is a Geologist with over 33 years of experience in EP activities, mainly in Colombia but also internationally. Prior to joining Canacol, Mr. Carvajal was the Chief Executive Officer of Carrao Energy Ltd., a private oil and gas exploration company he cofounded and comanaged until its acquisition by the Corporation in 2011. He was the former Vice President, Exploration of Ecopetrol being responsible for all exploration activities in the country and overseas. Prior to that, Mr. Carvajal worked for TEXACO and BP, both in Colombia and abroad. Mr. Carvajal was President of the Colombian Association of Petroleum Geologists and Geophysicists and a Professor at the Graduate School of Geoscience of the National University of Colombia. since 2011.
Tenure 13 years
Phone403 561 1648
Webhttps://canacolenergy.com

Canacol Energy Management Efficiency

The company has return on total asset (ROA) of 0.0894 % which means that it generated a profit of $0.0894 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.067 %, meaning that it generated $0.067 on every $100 dollars invested by stockholders. Canacol Energy's management efficiency ratios could be used to measure how well Canacol Energy manages its routine affairs as well as how well it operates its assets and liabilities.
Canacol Energy has accumulated 676.43 M in total debt with debt to equity ratio (D/E) of 2.91, implying the company greatly relies on financing operations through barrowing. Canacol Energy has a current ratio of 2.2, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Canacol Energy until it has trouble settling it off, either with new capital or with free cash flow. So, Canacol Energy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Canacol Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canacol to invest in growth at high rates of return. When we think about Canacol Energy's use of debt, we should always consider it together with cash and equity.

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Canacol Energy Ltd., an oil and gas company, engages in the exploration, development, and production of natural gas in Colombia. The company was incorporated in 1970 and is headquartered in Calgary, Canada. CANACOL ENERGY operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. It employs 406 people. Canacol Energy (CNE) is traded on Toronto Exchange in Canada and employs 396 people. Canacol Energy is listed under Oil & Gas Exploration & Production category by Fama And French industry classification.

Management Performance

Canacol Energy Leadership Team

Elected by the shareholders, the Canacol Energy's board of directors comprises two types of representatives: Canacol Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Canacol. The board's role is to monitor Canacol Energy's management team and ensure that shareholders' interests are well served. Canacol Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Canacol Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
Gregory Elliot, Independent Director
David Winter, Independent Director
Mark Teare, Senior Vice President - Exploration
Ariel Merenstein, Independent Director
Thomas Lutz, Pres Colombia
Diego Carvajal, Vice President - New Ventures
Luis Baena, Executive Vice President - Business Development Columbia
Anthony JD, VP Counsel
Anthony Zaidi, Vice President - Business Development, General Counsel, Corporate Secretary
Tracy Whitmore, Vice President - Tax and Corporate Affairs
Michael Hibberd, Independent Chairman of the Board
MA BSc, Senior Exploration
Jason Bednar, Chief Financial Officer
Ravi Sharma, Chief Operating Officer
Carolina Orozco, Vice Communications
Gonzalo FernandezTinoco, Independent Director
Francisco Salazar, Independent Director
Charle Gamba, President, Chief Executive Officer, Director
Kevin Flick, Vice President - Capital Markets and Investor Relations
Oswaldo Cisneros, Independent Director

Canacol Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Canacol Energy a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Canacol Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canacol Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canacol Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against Canacol Stock

  0.67CCL-A CCL IndustriesPairCorr
The ability to find closely correlated positions to Canacol Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canacol Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canacol Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canacol Energy to buy it.
The correlation of Canacol Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canacol Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canacol Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Canacol Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Canacol Stock

Canacol Energy financial ratios help investors to determine whether Canacol Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Canacol with respect to the benefits of owning Canacol Energy security.