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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 > Stock price
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Post by Sjors0076 on Aug 31, 2022 4:07pm

Stock price

I wonder how low we will go. Last days it drops hard.
Reason uncertainty Indonesia costs?
Comment by kelsterman69 on Sep 01, 2022 7:12am
Should level off to around .15cents I presume.    I'm not sure this was done correctly in the markets? There were a bunch of shares traded way higher on the way down.    They should have opened the New shares at a price close to POE's close on Friday minus the distribution.   
Comment by nozzpack on Sep 01, 2022 8:02am
You may get some dumping initially but longer term, oil prices should remain robust which is good for SAWN Lake. Plus we dont yet know what news  might be releeased once all shares are in investors accounts. There is of course the status of the planned Asia acquisition plus any development plans for Sawn Lake. I will hold my shares until the full future perspective is known
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