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CF Energy Corp V.CFY

Alternate Symbol(s):  CGFEF

CF Energy Corp. is a Canadian company that operates as an integrated energy provider and natural gas utility/distribution company in the People's Republic of China (PRC). The Company focuses on four sectors including natural gas supply, natural gas pipeline installation and connection services, and integrated smart energy and liquefied natural gas (LNG) trading, covering Hainan, Hunan, Jiangxi, Hebei, Sichuan, and Guangdong Provinces. Its segments include gas distribution utility, integrated smart energy, and smart mobility. The Gas Distribution Utility Segment comprises of pipeline PNG sales, LNG supply distribution sales and natural gas direct transmission. The Integrated smart energy segment includes two projects, namely the integrated smart energy project (the Haitang Bay Integrated Smart Energy Project) and the integrated district energy distribution project (the Meishan Project). The Smart mobility segment comprises of the operation of electric vehicle (EV) battery swap stations.


TSXV:CFY - Post by User

Bullboard Posts
Post by brasil500on Apr 01, 2010 9:53am
444 Views
Post# 16948206

like i said yesterday

like i said yesterdayfinancials reveal too much spending. 1.3 million for promotion and travel is ridiculous. All these costs and all the debt is going to weigh heavily on the company for at least the next year.  If they get some new deal to be the gas provider to another city it will help but initially bring on another heap of debt. This company need a better spending structure and a PP to boot. Long term it will be a winner just don´t get sucked in without reading the financials. They tell all.
Bullboard Posts