CEC:TSX.V

CanAsia Energy Corp.

CEC:TSX.V

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Expert Comments:

With Inked Deal, Oil & Gas Co. To Own 100% of Subsidiary
(3/3/23)

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."

Energy Co. Increases Its Share of Alberta Heavy Oil Assets

(11/22/22)

More Expert Comments

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

Company News

3/16/2023 – CANASIA ENERGY CORP. 2022 Year-end Financial & Operating Results

2/27/2023 – CANASIA ANNOUNCES DECEMBER 31, 2022 CONTINGENT BITUMEN RESOURCES FOR SAWN LAKE, ALBERTA SAGD PROJECT OF ANDORA ENERGY CORPORATION

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