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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

Post by MissStock111on Nov 01, 2020 9:12am
101 Views
Post# 31819856

Take a look at $VLE with 0.71$ net cash per share

Take a look at $VLE with 0.71$ net cash per shareAnother stock undervalued just like Pan orient is..
Valeura energy trading at 0.39$ right now.
shares outstanding: 86 500 000
market cap of 33 000 000$CAD
Cash : 31 000 000$USD = 0.47$/share in canadian dollars
No debt.

just sold some second class assets for 15 500 000$USD.

all that money = 0.71$ net cash per share and they still got their most important assets. Insider buying going on, what else can we ask for ... load and wait game for me.

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