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CF Energy Corp CGFEF


Primary Symbol: V.CFY

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

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Post by mjh9413on May 20, 2021 2:05am
425 Views
Post# 33235994

Financing

FinancingThis was mid-march.."Oak Hill currently has no direct or indirect interest in the securities of CF Energy, or any right or intent to acquire such an interest except pursuant to the exercise of the above referenced Options."
Now Oakhill has some (?) part of the $600K debs. (They don't say if it is secured debs, so presume not.) Is this a good sign? Don't know. Got out of CFY long time ago when higher but had thought they might actually grow with EDF by their side. However, they just keep being jerked around by their own business decisions (like their jv's) and local/statewide rules, hence lack of sustainable growth momentum. Also China: that is real risk...as the Toronto market has experienced in the past...but CFY has appeared to be responsible corporate body since inception despite the 'dividend affair' and the experience with the 'family stakeholding.'. GLA..
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