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CanAsia Energy Corp V.CEC

Alternate Symbol(s):  CECAF

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

Comment by bullhorn3on Oct 07, 2021 5:22pm
283 Views
Post# 33984076

RE:RE:RE:No Wind

RE:RE:RE:No WindYear end 2020
Despite the write-down in the first quarter of 2020, the current oil price environment, should it hold at these levels, provides strong economic support to the various options of monetizing or progressing this project.

First quarter 2021
The Thailand asset is currently at a mature stage with possible future upside mainly related to increased oil recovery factors and prices and is currently at a stage that the Company has historically looked to crystalize value for shareholders.”

Historical Dividends from https://www.tipranks.com/stocks/tse:poe/dividends
Aug 27 2012  $0.75 = 92.36% per share (but the Aug/12 SP was around $2.76 -> 27%??)
Feb 16 2016  $0.40 = 40.94% per share
So, since POE management is referring us back to historical monetization/crystallization, it seems reasonable to assume that a substantial (e.g. 92%, 41%, 27%) distribution will occur.... check the dividend yields yourselves. Management coulld contest that assumption in court, as is their right. Some shareholders may prefer the share value to escalate while others may prefer some immediate cash reward for their patience. Different strokes for different folks.
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