Bullboard - Stock Discussion Forum 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... see more

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TSXV:CEC - Post Discussion

CanAsia Energy Corp > Malcolm, Chen, & Nozz

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Post by radcat on Feb 08, 2022 5:14pm

Malcolm, Chen, & Nozz

Malcolm 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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