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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 draxteron May 08, 2009 7:06pm
677 Views
Post# 15979875

RE: All aboard

RE: All aboardPrice of oil is up, so are all energy stocks today, some more so than POE. Having said that, I'm loving this stock!

What's interesting to me is the sudden pick-up in volume, very encouraging, lots of buyers, few sellers, many hold it for the long ride.

My personal (and unprofessional) opinion is that with the price of oil nearing 60 many companies are now going to be able to resume dividend payments and exploration and are heading higher. POE is a solid company that was oversold and is now slowly getting close to where it should be with these oil prices ($8?). Keep in mind that many other oil firms have more than doubled from their lows because they are much more sensitive to oil prices and they move violently in either direction. POE has been a nice smooth ride up on a daily basis since i got in back in March.

Goodluck!
Bullboard Posts