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 > Ouch !!

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Comment by nozzpackon Mar 18, 2022 6:20pm

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Post# 34526923

RE:RE:RE:RE:RE:Ouch !!

My apologies.
I assumed that most had read Chen Lin's reports....

Chen Lin, What Is Chen Buying? What Is Chen Selling?

(2/24/22)

"For energy stocks, I really like Pan Orient Energy Corp. here; [the company] has no debt, huge free cash flow, and it is trading at about 1x cash flow.

The only drawback is that if oil is over $100, Pan Orient may need to cut back production to avoid paying a windfall tax in Thailand, but the oil not produced stays in the ground for next year."

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