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 > Share Buyback

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Comment by bullhorn3on Jul 23, 2021 4:52pm

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Post# 33597483

RE:Share Buyback

If they were buying back shares at $1.12, why are they not buying back shares at $1.00?
Some wild possibilities:
- max repurchase shares in July already bought?
- can't buy back shares near date of an announcement?
- internal calculations of company share value now significantly lower for some reason?
- company plans to buy some oil asset, so share buybacks have lower priority?
etc.

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