CF Energy Corp V.CFY

Alternate Symbol(s): CGFEF

Utilities Utilities - Regulated Gas

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.

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CF Energy Corp > Annual meeting

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Comment by Mountainbikeron Jul 29, 2019 10:25am

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Post# 29970218

RE:Annual meeting

The highlights from the AGM:
1. Book value of the company according to managment is $55 MIL CAD.
2. Buy back will kick in and will buy shares at prices where the company believes is a fair value
3. EDF and Meishan projects on track and will start to contribute REV in early 2020.
4. Managment will work hard to drive shareholders value
5. The second set of dividends (regular and special) will be announced very soon and be paid as well.
6. Company will use the proceeds from the purchase of shares from Mr. Lin's estate to further business development and reduce bank debt.

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