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Bullboard - Stock Discussion Forum 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... see more

TSXV:CEC - Post Discussion

CanAsia Energy Corp > What's next
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Post by Sugoioi on Aug 17, 2020 11:09am

What's next

This has been a disappointing stock, such high hopes for Indonesia. Jeff should look at food energy and invest some of POE's cash in Verde Agritech, NPK. Quarter on quarter exponential sales. Market cap of only $37million. On track for 2020 sales of $10million. Enough reserves to provide 25million tonne a year (~$50/tonne) to a Brazilian agriculture market hungry for their superior product. NPV of $2 Billion. If they keep this up they'll reach that sooner than later. With only 46million shares thats a heavy chunk per share for shareholders. Apologies for posting off topic on this board, but for me Verde is hitting all the opportunity that POE promised but did not deliver. Good luck fellow POE bag holders.
Comment by Bulldog8mystock on Aug 21, 2020 12:34am
I agree that the Anggun Indonesia strategy was devastating to all of us. With all of the technological advancements in the oil sector, this should of been avoided.  There are still many positive facts which we shouldn’t overlook. From the last quarter the proven and probable reserves are 1,843,000 barrels and 3P of 3,789,000. Every million barrels equates to $.50 per share. The L53-DD7 ...more  
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