Pan Orient Energy Corp.

Pan Orient is a Canadian publicly listed (TSX-V: POE) junior oil and natural gas company based in Calgary, Alberta, Canada. The Company's principal properties are divided into three distinct groups: 1) partially developed concession located on-shore Thailand; 2) interest in a production sharing contract on-shore Indonesia; and 3) Canadian oil sand properties;

The Company's 50% owned subsidiary Pan Orient Energy (Siam) Ltd. is operator with a 100% working interest in oil producing Concession L53/48 on-shore Thailand.

The Company has interests in the East Jabung production sharing contract on-shore Indonesia (49% and non-operated after farmout).

The Company's 71.8%-owned subsidiary Andora Energy Corporation ("Andora") holds interests ranging from 10% to 100% in 88 contiguous sections of heavy oil sands leases in the Sawn Lake Property which lies within the central Alberta Peace River Oil Sands area. Andora is operator of a demonstration project at Sawn Lake which produced bitumen from one steam-assisted gravity drainage ("SAGD") well pair from September 2014 to February 2016.


Expert Comments:

headshot of Chen Lin

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

"The president and major shareholder of Pan Orient Energy Corp. are planning to liquidate the assets of this company and pay out shareholders. . .with the stock currently selling at less than CA$1, if you own it, you may want to continue to do so."

Chen Lin
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Jay Taylor, Hotline

"Note that the large dip in Pan Orient Energy Corp.'s stock chart in February was due to the CA$0.40 payout to shareholders. . .I believe the company is considerably undervalued, especially at current energy prices."

headshot of Chen Lin

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

"Pan Orient Energy Corp. reported nice earnings. The company is getting about $0.10/quarter in after-tax cash flow from the Thai oilfield; it has $0.20 in working capital and no debt after the $0.40 payout."

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

"Pan Orient Energy Corp.'s accountant is busy calculating if the company needs to stop some wells in order to avoid paying windfall tax in Thailand at $115 oil. If you use last year's production number, about 1.02 MMbbl on a 100% basis, or assume 0.9 MMbbl in production this year, with only a few dollar shipping costs, POE is trading at less than 1x cash flow."

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

"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."

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

"Pan Orient Energy Corp. is probably the best play for high oil prices; the company is printing money and just paid $0.40 back. It will likely sell the assets this year; if not, another big dividend will come for sure."

More Expert Comments

Experts Following This Company

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Chen Lin What Is Chen Buying? What Is Chen Selling?
headshot of Bill Newman
Bill Newman, Vice President, Senior Analyst – Research Capital Corporation
headshot of Jay Taylor
Jay Taylor, Author Gold, Energy & Tech Stocks

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Pan Orient Energy Corp. Content