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CF Energy Corp V.CFY

Alternate Symbol(s):  CGFEF

Utilities Utilities - Regulated Gas
CF Energy Corp. is a Canadian integrated energy provider and natural gas distribution company (or natural gas utility) in the People's Republic of China (PRC). The Company is involved in natural gas distribution and sustainable energy utilization, serving residential, commercial and industrial users as well as electric vehicle (EV) battery swap service in the PRC. Its segments include gas distribution utility, integrated smart energy and smart mobility. The gas distribution utility segment comprises natural gas transmission and sales, including pipeline natural gas sales and liquified natural gas supply distribution sales and related service pipeline installation and connection sub-segments; compressed natural gas vehicle refueling station, and natural gas direct transmission. It provides an integrated smart energy system and an integrated district energy distribution service. The smart mobility segment operates EV battery swap stations, and trades EV to designated customers.


TSXV:CFY - Post by User

CF Energy Corp > Annual meeting
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Comment by Mountainbikeron Jul 29, 2019 10:25am
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Post# 29970218

RE:Annual meeting

RE:Annual meetingThe highlights from the AGM:
1. Book value of the company according to managment is $55 MIL CAD.
2. Buy back will kick in and will buy shares at prices where the company believes is a fair value
3. EDF and Meishan projects on track and will start to contribute REV in early 2020.
4. Managment will work hard to drive shareholders value
5. The second set of dividends (regular and special) will be announced very soon and be paid as well.
6. Company will use the proceeds from the purchase of shares from Mr. Lin's estate to further business development and reduce bank debt.

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