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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?

"Pan Orient Energy Corp. is not moving yet; I strongly believe the stock is very undervalued at the current oil price. Recently, the company stopped buying back shares; this usually means it has significant events underneath."

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

"I think in the short term it is bullish for energy into this winter; Pan Orient Energy Corp. obviously will benefit greatly as it is trying to sell its Thailand assets. Maybe the oil sands in Canada could get some interest at the current oil price."

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

"Pan Orient Energy Corp. is increasing cash levels while buying back shares rapidly, however, it stopped share purchase in the past month after receiving the new simulation results because these results are significantly material. . .the company is planning to drill four more wells before 2021E. All of these will add to the reserve report next year while Pan Orient builds up its cash balance and continues buying back shares."

headshot of Bill Newman

Bill Newman, Research Capital Corporation

"Pan Orient Energy Corp.'s net production in Q2/21 averaged 1,399 bbl/d, which was in line with our forecast of 1,400 bbl/d. Funds flow was $3.9M. . .the company generated a field netback from its Thailand operations of $66.47/bbl. On June 30, 2021, Pan Orient had no debt and positive working capital of $30.9M."

headshot of Chen Lin

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

"Pan Orient Energy Corp. is breaking out recently thanks to the high oil price; I think Q2/21 will be a breakout earnings quarter. The company has been aggressively buying back shares in the past months; I am very optimistic about the future of the stock."

headshot of Jay Taylor

Jay Taylor, Hotline

"Pan Orient Energy Corp. reported earnings of CA$1.1M during Q1/21. . .corporate adjusted funds flow from operations (including the company's 50.01% equity interest in the Thailand joint venture) in Q1/21 were CA$3.4M (CA$0.07 per share)."

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 – Jefferson Financial, Inc.

Company News

8/12/2021 – Pan Orient Energy Corp. - 2021 Second Quarter Financial & Operating Results

The information provided above is from analysts, newsletters, the company and other contributors.

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