Markets · Energy
—The cliff. Canacol says its cash lasts only until July 10, after which it cannot keep operating without a deal or fresh funding.
—The status. The company has been under court protection from creditors in Canada since November, with the current shield running to June 27.
—The sale. Four offers came in, but no buyer had been chosen as of mid-June, leaving liquidation as the backup plan.
—The stakes. Canacol supplies almost a third of the gas on Colombia’s Caribbean coast, so its fate reaches far beyond shareholders.
