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 Sudirman2on Feb 14, 2017 11:42am

264 Views

Post# 25843292

RE:RE:RE:Counter Cyclical

Well, of course I noticed the emergence of a head and shoulders foramtion above first bullish candlestick after the pullback form the weekly chart and 20 Day MA with the MACD rinsing above the fabonaccis.
Or maybe just more buyers than sellers???

Think the downside is cash plus disposal value on Thia/Can assets. Peg that at around 1.20 all in.

Market knows better than I do of course.

Was kidding about trump btw.

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