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Bullboard - Stock Discussion Forum 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... see more

TSXV:CEC - Post Discussion

View:
Post by MarkAble on Nov 17, 2020 2:56pm

Cash

With so much cash in hand, does anyone see another POE dividend in the works soon?
Comment by vkny2015 on Nov 17, 2020 9:23pm
Best dividend it's to sell Thailand assets, Canadian assets, Andora project and to cash out!!!
Comment by nozzpack on Nov 18, 2020 11:19am
Certainly not a bad idea. We'd get a double or more from here. However, acquiring/ merging with othe cash rich junior oils could be quite beneficial if net cash flowing assets could be acquired. There are lots of mature assets in the world with low recovery rates . Using modern technology and production techniques could double recovery rates while reducing production costs. Besides POE, I ...more