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Pan Orient Energy ( (TSE:CEC) ) has shared an update.
CanAsia Energy Corp. reported its 2024 year-end financial results, highlighting a strategic focus on bidding for onshore concessions in Thailand, which will be a primary activity over the next few months. The company also increased its stake in the Sawn Lake heavy oil asset to 100% through a strategic acquisition, enhancing its asset base and partially reversing previous impairments. The ongoing trade dispute between the US and Canada may affect the timing of potential transactions involving these assets.
More about Pan Orient Energy
CanAsia Energy Corp. operates in the energy sector, focusing on oil and gas exploration and production. The company is involved in acquiring and managing petroleum and natural gas properties, with a significant interest in heavy oil sands leases in the Sawn Lake area of Alberta, Canada.
YTD Price Performance: -12.50%
Average Trading Volume: 38,128
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$9.02M
See more insights into CEC stock on TipRanks’ Stock Analysis page.