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 Empire82on Feb 10, 2020 12:13pm

141 Views

Post# 30668255

RE:What is happening to POE?

bullhorn3 wrote: POE is still dropping in spite of yesterday's excellent news release. Sure, the price of oil is dropping, but POE seems to be dropping faster than most oil companies. And volumes are much larger than the era before the Indonesian hype. Any thoughts? Do 8-K forms reveal anything?

I think the problem is the market doesn't see any short term catalysts which makes POE a value trap and it gets dumped

Bullboard Posts

Consumer advocacy law firm investigates Microsoft over X-Box data concerns