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CanAsia Energy Corp V.CEC

Alternate Symbol(s):  CECAF

CanAsia Energy Corp. is a Canada-based junior oil and gas company. The Company is engaged in the exploration for, and the acquisition, development and production of, crude oil and natural gas reserves. The Company, through its subsidiary, Andora Energy Corporation, is focused on developing the bitumen resources at the Sawn Lake property using steam assisted gravity drainage (SAGD) development. The Company has working interests in, four heavy oil sand leases with 27 sections (24.25 net sections) of Sawn Lake Alberta Crown oil sands leases within the Alberta Peace River Oil Sands area. In the Sawn Lake Central area, it operates with a 100% working interest in two oil sands leases with 11 gross sections (8.25 net sections). In the Sawn Lake South area, it operates with a 100% working interest in three oil sands leases with 16 gross sections (16 net sections).


TSXV:CEC - Post by User

Bullboard Posts
Post by BossTauruson Feb 09, 2012 6:38pm
633 Views
Post# 19512562

Out for now :)

Out for now :)

Yes, decided that I needed to book this guy today. I bought $1.95 back in December, and was looking that $4.00 target. I think she's going to have to settle around that $3.00 area, and fill the gap and $2.80, before the next big leg. But hey, it could very well run to $5.00 and not look back. Just looking at her history, it's not uncommon to see an explosion (+60% to +100%) in price, followed by a quarter and a half of consolidation (see Q2 2009, Q4 2010, Q3 2011). The weekly RSI is very overbought.

POE...definitly starting a long-term uptrend :) . I'll be following this play for a long time--great opportunity.

Good luck POE'ers!

~BT

Bullboard Posts