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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

Post by radcaton Feb 08, 2022 5:14pm
201 Views
Post# 34410389

Malcolm, Chen, & Nozz

Malcolm, Chen, & NozzMalcolm Shaw comments (Oct 4th, 2021)  

I don’t expect to make a big score here, but I can easily make a case that the stock is worth $2 based on what I know today

Chen Lin comments (Jan 24th, 2022)  

I see the fair value of the Thai assets, even with 30% discount, to be much higher than the $0.85."


 (Feb 1st, 2022)

"Pan Orient Energy Corp. announced the reserve report. . .its after-tax net present value at 75 oil is CA$1.09/share (10% discount rate) to 1.24/share (5%). That led me to believe strongly that the share price should be well over CA$1 after the CA$0.40 distribution next week."

Nozzpack comments (Feb 7th, 2022)

So residual value after the $0.40 dividend will be reduced to about $0.60 per share.

Radcat: If we are only going to get $0.60 post distribution as per Nozz, we may as well keep the assets since it wouldn't be worth selling.
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