CanAsia Energy Corp V.CEC

Alternate Symbol(s): CECAF

Energy Oil & Gas E&P

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

CanAsia Energy Corp

Bullboard Posts

Comment by bxjuon Dec 01, 2015 11:10pm

164 Views

Post# 24345388

RE:RE:.40 dividend

righand2 wrote:
Considering all of the cheap assets they could buy with that cash, it makes one wonder why they would just give it to shareholders. Are they such poor managers that they couldn't use the money to grow the company?

There are a lot of company's who have spent $ on assets that have really hurt shareholders. One being MMT that some may be familiar with. They were paying a very nice dividend and then went out and bought part of Shell Africa's sell out. Things went bad fast for many reasons and they would have been much better off not buying what may evenually have been a bargain. I like this 30% dividend plus they have a buy in option built into the Respol contract, don't they? I am leaning towards buying more POE shares with the dividend.

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario