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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. 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).


TSXV:CEC - Post by User

Bullboard Posts
Comment by Bobwinson Feb 02, 2008 12:32pm
361 Views
Post# 14308950

RE: Cen vs. POE?

RE: Cen vs. POE?Instead of always asking questions, why don't you look at both and lay out what you see. Then ask for comments. That way, you would be contributing something to the discussion instead of asking repetitive questions that have no answer. Even if you are off in some way, you will learn from the responses and it will stimulate intelligent discussion. Your worry warts posts on PBG were irritating. My experience has been that 1. you have to do your own research. The more you rely on other people, whether it's analysts or board participants, the more helpless you are. 2. You have to learn to trust your own decisions. After doing the homework, you should have expectations of the company and stock and a timeframe for them to accomplish those things(earnings, production, cashflow ratios, acquiring prospective property). Given YOUR expectations, you need to decide whether to hold, buy more or sell as the situation unfolds. 3. Be able to admit you're wrong or the situation is wrong. Sometimes, even after doing everything above, the stock doesn't cooperate. It's your money so you have to change course when the pain is too great for you to wait for the market to realize they are wrong. Sometimes you can see the reason. If oil starts dropping $10/day, oil stocks are going to crater, no matter how much production is coming next qtr. Sometimes you can't figure it out and will never know. Don't blame unseen forces for your success or failure. YOU are the man. Take responsibility for your destiny and decisions. Do your homework, make decisions and execute. Expect good decisions from yourself, just like you expect good decisions from mgmt of the stocks you own. Don't spend all day beating yourself up if things don't go perfectly. And please don't whine on the boards. Good luck, Bobwins
Bullboard Posts