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Bullboard - Stock Discussion Forum
CanAsia Energy Corp
V.CEC
Alternate Symbol(s):
CECAF
Energy
Oil & Gas E&P
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).
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TSXV:CEC - Post Discussion
CanAsia Energy Corp
> No brainer at this level imo
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•••
MissStock111
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Post by
MissStock111
on Jun 28, 2020 3:11pm
No brainer at this level imo
· Cashrich with over 28 millions$ in cash
· No debt
· Buyback in place
· low burn rate
Oil price will skyrocket in the next years, time to load and wait in my opinion.
(61)
•••
Nergy
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Comment by
Nergy
on Jul 02, 2020 3:39pm
I'm confident that you are right. The long term holders will be rewarded, but I've never ever seen this BB this silent. Would be nice to see a positive Thai update soon. Q2 results will show that this is one among very few companies that can make money in a $30/bbl environment, but it would be nice if they could double the production the next 12 months to make good money then and maybe put
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