CanAsia Energy Corp.

CanAsia Energy Corp. is a billboard sponsor of Streetwise Reports and paid a fee for this company profile page. Please refer to the important disclosures below for additional details.

Recent Articles:

NPV of Oil Concessions Increases in Update

Research Report

Bill Newman  (02/27/2023)

A revised risked contingent resource report reflects a 20% increase in value for this heavy oil asset in Alberta, Canada, noted a Research Capital Corp. report.

Tags:  Oil & Gas - Exploration & Production

With Inked Deal, Oil & Gas Co. To Own 100% of Subsidiary

Research Report

Bill Newman  (03/03/2023)

With the transaction close, the acquirer will also assume total interest in the now jointly owned oil asset, noted a Research Capital Corp. report.

Tags:  Oil & Gas - Exploration & Production

Energy Co. Increases Its Share of Alberta Heavy Oil Assets

Research Report

Bill Newman   (11/22/2022)

Restarting production at this project could catalyze this Canadian oil and gas firm's stock, noted a Research Capital Corp. report.

Tags:  Oil & Gas - Exploration & Production

Oil & Gas Spinout Co Is a 'Good Buying Opportunity,' Analyst Says

Research Report

Bill Newman  (09/07/2022)

This firm is undervalued, has a near-producing oil asset in Alberta with large resource potential and upside, and is pursuing an opportunity to expand in Thailand, noted Research Capital Corp., which initiated coverage on it.

Tags:  Oil & Gas - Exploration & Production

Expert Comments:

	Jay Taylor, Gold, Energy & Tech Stocks (5/31/23) "CanAsia Energy Corp. is for sure a speculative investment but one that if successful could prove to be a '10bagger' for those who buy at around the current price of $0.10. On March 27, 2023, the company announced that it has completed its acquisition of Andora."
	Chen Lin, What Is Chen Buying? What Is Chen Selling? (4/17/23) "I am waiting for CanAsia Energy Corp. to sell the oil sands assets. This is a big catalyst but hard to time; you can only hold and wait."
	Jay Taylor, Hotline (4/7/23) "CanAsia Energy Corp.'s news of March 27 is significant in creating a corporate structure to move forward toward production. The company's minuscule market cap provides considerable room for upside price appreciation."
Jay Taylor, Gold, Energy & Tech Stocks (3/31/23) "CanAsia Energy Corp. is working toward gaining permits for production of oil from the Sawn Lake bitumen resource using the steam-assisted gravity drainage process. This is for sure a speculative investment but one that, if successful, could prove to be a 'tenbagger' for those who buy at around the current price of $0.10."
	Chen Lin, What Is Chen Buying? What Is Chen Selling? (3/28/23) "CanAsia Energy Corp. announced completion of the purchase of Andora minority shares. Now, the company is ready to sell the oil sands project."
	Jay Taylor, Hotline (3/17/23) "CanAsia Energy Corp. will soon own 100% of the Sawn Lake bitumen project, which uses steam-assisted gravity drainage (SAGD), a drilling technique used to extract heavy crude oil that is buried too deep or otherwise burdensome to access. . .this company is obviously a speculative play on SAGD and Sawn Lake. With a market cap of about $10M, CanAsia could be a huge winner."

More Expert Comments

	Chen Lin, What Is Chen Buying? What Is Chen Selling? (3/2/23) "CanAsia Energy Corp. announced buying out its minority partners in Andora. . .CanAsia plans to further increase the central holding to 100%. . .after owning 100% of everything, the company plans to sell the project to the highest bidder."
	Bill Newman, Research Capital Corporation (3/2/23) "CanAsia Energy Corp. announced it has entered into an agreement with Andora [Energy] for the proposed purchase of Andora common shares owned by minority shareholders for a cash payment of $0.044/share, equal to an estimated total cash value of about $1.7M. The transaction is expected to close by March 31, 2023, and upon completion, CanAsia will own 100% of the Andora common shares."
	Jay Taylor, Gold, Energy & Tech Stocks (2/28/23) "On Feb. 27 CanAsia Energy Corp. reported contingent bitumen resources from its stream assisted gravity drainage project at Sawn Lake. . .at least on paper, buying this stock now at these prices appears to be a 'no-brainer.'"
	Bill Newman, Research Capital Corporation (2/27/23) "CanAsia Energy Corp. released an updated contingent resource report of the Sawn Lake heavy oil asset which showed a 2C risked contingent resource of 219 MMbbl (unchanged) net to the company. The after-tax net present value discounted at 15% increased by about 20% to $175Mm ($3.51/share) primarily due to the updated price deck."
	Chen Lin, What Is Chen Buying? What Is Chen Selling? (2/27/23) "With the current ownership, the block has 204 MMbbl net to CanAsia Energy Corp., worth CA$231M at a 15% discount rate. The company's current market cap is only CA$10M, trading at below cash."
	Jay Taylor, Gold, Energy & Tech Stocks (1/31/23) "The first post spinoff financial statements for CanAsia Energy Corp. are now provided as at Sept. 30, 2022. The company reported a net profit of $55K during the first quarter of its history."
Jay Taylor, Gold, Energy & Tech Stocks (11/30/22) "On Nov. 10, 2022 CanAsia Energy Corp.'s management made public the first income and balance sheet statements for the company since it was spun off from Pan Orient. . .on Nov. 21 CanAsia increased its ownership of Andora Energy to 88.2% by the conversion of $1.4M owned to CanAsia which now owns 211.3M of the 239.5M shares of Andora."
	Bill Newman, Research Capital Corporation (11/22/22) "CanAsia Energy Corp. announced that it has increased its ownership in Andora Energy to 88.2% (from 71.8%) through the conversion of two outstanding loans into shares of Andora. . .based upon the higher equity interest in Andora, the estimated net risked contingent resource attributable to CanAsia increases by 40.7 MMbbl (22.8%) to 218.9 MMbbl."

Experts Following This Company

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

Important Disclosures
CanAsia Energy Corp. is a Billboard advertiser of Streetwise Reports and pays a flat fee. Fees fund both sponsor-specific activities and general report activities. Sponsor-specific activities may include aggregating content and publishing that content on the Streetwise Reports site, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Streetwise Reports to publish and syndicate investment opinion and comments, and also to curate or create sector-specific content. Billboard advertising monthly fees range from $3,000 to $5,000. This landing page contains a summary of the company that was prepared by that company. Some landing pages contain investing highlights and a catalyst calendar that are prepared by that company. The Expert Comments and Experts Following This Company sections of the landing page are compiled by Streetwise Reports. There may be other information about the company that is not placed on the landing page, and Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on the landing page. Readers should conduct their own research for all information publicly available concerning the company. This landing page may be considered advertising for the purposes of 18 U.S.C. 1734.