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 > Book Value

<< Previous

Bullboard Posts

Next >>

Comment by bfwon Feb 03, 2022 8:41am

129 Views

Post# 34392391

RE:Book Value

Please ignore this individual.

They continue to confuse a divvy with an ROC.

One can have zero confidence in any of their analysis.

bfw

nozzpack wrote: Book value was $52.2 m cad at exit Q2.
That will be reduced by $20 million when the dividend is paid.

Lets say $32,2 million which is about $0.65 per share.

Why would anyone pay more than book ....