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... see more

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TSXV:CEC - Post Discussion

CanAsia Energy Corp > Book Value

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Post by nozzpack on Feb 03, 2022 5:15am

Book Value

Book value was $52.2 m cad at exit Q2.
That will be reduced by $20 million when the dividend is paid.

Lets say $32,2 million which is about $0.65 per share.

Why would anyone pay more than book ....

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Comment by bfw on Feb 03, 2022 8:41am

Please ignore this individual. They continue to confuse a divvy with an ROC. One can have zero confidence in any of their analysis. bfw

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Comment by nozzpack on Feb 03, 2022 12:25pm

Book value has nothing to do with ROC which I am well aware of. You cannot take 2P discounted 10 NPV at face value as it does not include the millions in development costs. Its your money so you do as you wish,.

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Comment by bullhorn3 on Feb 04, 2022 12:33am

I think that nozzpack is right... as far as the financial status when Sproule signed off their report. Since then, workovers have probably added value, oil has been and is being sold at higher prices than assumed by Sproule. It may yet turn out that these higher prices for Brent may continue for much of 2022 (or beyond, who knows). There may even be parts of the property that have not been ...more

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CanAsia Energy Corp