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CF Energy Corp V.CFY

Alternate Symbol(s):  CGFEF

CF Energy Corp. is a Canadian integrated energy provider and natural gas distribution company (or natural gas utility) in the People's Republic of China (PRC). The Company is involved in natural gas distribution and sustainable energy utilization, serving residential, commercial and industrial users as well as electric vehicle (EV) battery swap service in the PRC. Its segments include gas distribution utility, integrated smart energy and smart mobility. The gas distribution utility segment comprises natural gas transmission and sales, including pipeline natural gas sales and liquified natural gas supply distribution sales and related service pipeline installation and connection sub-segments; compressed natural gas vehicle refueling station, and natural gas direct transmission. It provides an integrated smart energy system and an integrated district energy distribution service. The smart mobility segment operates EV battery swap stations, and trades EV to designated customers.


TSXV:CFY - Post by User

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Post by mjh9413on May 20, 2021 2:05am
349 Views
Post# 33235994

Financing

FinancingThis was mid-march.."Oak Hill currently has no direct or indirect interest in the securities of CF Energy, or any right or intent to acquire such an interest except pursuant to the exercise of the above referenced Options."
Now Oakhill has some (?) part of the $600K debs. (They don't say if it is secured debs, so presume not.) Is this a good sign? Don't know. Got out of CFY long time ago when higher but had thought they might actually grow with EDF by their side. However, they just keep being jerked around by their own business decisions (like their jv's) and local/statewide rules, hence lack of sustainable growth momentum. Also China: that is real risk...as the Toronto market has experienced in the past...but CFY has appeared to be responsible corporate body since inception despite the 'dividend affair' and the experience with the 'family stakeholding.'. GLA..
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