Pan Orient Energy (CEC) AI Stock Analysis

• Market Cap: C$7.90M
• Dividend Yield: N/A
• Average Volume (3M): 115.91K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.06
• Revenue Growth: N/A
• EPS Growth: -1150.00%
• Country: CA
• Employees: 88
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): >-0.01
• Shares Outstanding: 112,794,000
• 10 Day Avg. Volume: 258,060
• 30 Day Avg. Volume: 115,906
• PEG Ratio: -0.07
• Price to Book (P/B): 1.18
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.31
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: C$0.08 ▲(8.57% Upside)

The score is held down primarily by weak financial performance (ongoing losses, negative operating/free cash flow, and a materially reduced equity base) and bearish technicals (price below key moving averages with negative MACD). Valuation is also impaired by negative earnings and no stated dividend, while the latest corporate event highlights continued losses and a need for additional capital.

Positive Factors

Conservative leverage (minimal debt)

Extremely low reported debt materially reduces refinancing and interest-rate risk for an upstream E&P. That conservatism preserves strategic optionality—ability to withstand commodity cycles, negotiate farm-outs or time asset sales—supporting survival and execution over months.

Asset-backed upstream business model

Owning working interests in producing concessions creates durable, cash-generating optionality tied to long-lived hydrocarbons. The asset-centric E&P model with JV structures supports steady production upside, partner-funded development, and exposure to persistent global energy demand trends.

Proven cash generation in prior cycle

Historical periods of strong operating cash flow demonstrate the company can generate meaningful cash when production and prices align. This indicates asset and operational capability that could re-enable sustainable free cash flow if production or realized prices recover, improving funding self-sufficiency.

Negative Factors

Ongoing losses and negative cash flow

Sustained negative earnings and operating cash flows erode internal funding capacity and limit reinvestment. Over months this necessitates external financing or asset sales, increases vulnerability to cost shocks, and undermines ability to execute multi-period development plans without dilution.

Material erosion of equity base

A steep drop in shareholders' equity weakens the capital cushion that absorbs operational losses or reserve write-downs. This reduces borrowing capacity despite low debt, heightens insolvency risk in adverse scenarios, and makes future financing more dilutive or costly, pressuring long-term resilience.

Explicit capital need and execution risk

Management's stated requirement for additional capital creates structural execution risk: funding could entail dilution, asset divestitures, or higher-cost debt. If capital is not secured on favorable terms, development schedules and production maintenance may be delayed, impairing medium-term value creation.

Pan Orient Energy Business Overview & Revenue Model

Company Description

Canasia Energy Corp. operates as an oil and gas exploration and production company with operations located at Sawn Lake, Alberta. The company is based in Calgary, Canada.

How the Company Makes Money

Pan Orient Energy (CEC) generates revenue primarily through the sale of oil and gas extracted from its exploration and production activities. The company invests in acquiring and developing oil and gas reserves, which it then exploits to produce crude oil and natural gas. These resources are sold to various markets, generating income. Key revenue streams include sales contracts with refineries and wholesalers, as well as spot market sales. Partnerships with local and international exploration and production firms can enhance operational capabilities and market reach, contributing to the company's revenue generation.

Pan Orient Energy Financial Statement Overview

Summary

Overall fundamentals are weak. Income statement and cash flow reflect ongoing losses and cash burn (TTM net income -$3.1M; operating/free cash flow -$2.9M), while the balance sheet is a relative strength due to minimal debt ($40K TTM). However, equity has fallen sharply (from $60.9M in 2021 to $5.8M TTM) and ROE is deeply negative, increasing sensitivity to continued losses.

Income Statement

TTM (Trailing-Twelve-Months) results show continued losses (net income of -$3.1M; EBITDA and EBIT also negative), pointing to weak underlying profitability. Earnings have been volatile across years, with a return to profitability in 2024 (net income of +$1.2M) and a large profit in 2021 (+$8.5M), but the business has not shown consistent earnings power. Reported revenue is $0 across periods, which limits visibility into operating momentum and makes profit quality harder to assess.

Balance Sheet

Leverage appears very conservative: total debt is minimal ($40K TTM (Trailing-Twelve-Months)) and debt-to-equity remains near zero, which reduces financial risk and refinancing pressure. However, equity has declined materially from 2021 ($60.9M) to TTM (Trailing-Twelve-Months) ($5.8M), reflecting a weaker capital base over time. Returns on equity are also inconsistent and currently negative (TTM (Trailing-Twelve-Months) ROE of about -46%), indicating that the balance sheet strength is being eroded by ongoing losses.

Cash Flow

Cash generation is currently weak: TTM (Trailing-Twelve-Months) operating cash flow and free cash flow are both negative (-$2.9M), continuing a multi-year pattern of cash burn (also negative in 2022–2024). While free cash flow growth is shown as positive in the TTM (Trailing-Twelve-Months) period, it is improving from a negative base rather than turning sustainably positive. A key bright spot is the strong cash generation in 2020–2021, but the more recent trend suggests funding needs could persist if operations don’t improve.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-44.00K	-62.00K	-66.00K	-17.00K	-59.00K	-411.00K
EBITDA	-3.17M	820.00K	-3.18M	-723.00K	-2.70M	-89.43M
Net Income	-3.10M	1.16M	-3.19M	-725.00K	8.48M	-59.63M
Balance Sheet
Total Assets	12.40M	14.87M	11.36M	10.60M	60.71M	56.23M
Cash, Cash Equivalents and Short-Term Investments	4.58M	7.24M	9.78M	9.09M	35.08M	26.41M
Total Debt	40.00K	22.00K	18.00K	18.00K	4.00K	20.00K
Total Liabilities	6.64M	7.03M	6.41M	5.47M	5.35M	5.94M
Stockholders Equity	5.76M	7.84M	4.95M	6.92M	60.95M	55.77M
Cash Flow
Free Cash Flow	-2.89M	-4.03M	-2.01M	-617.00K	10.66M	5.08M
Operating Cash Flow	-2.89M	-2.69M	-2.01M	-617.00K	10.66M	5.17M
Investing Cash Flow	-9.00K	-1.34M	-1.60M	-35.08M	-156.00K	-923.00K
Financing Cash Flow	-29.00K	1.12M	4.60M	9.31M	-1.73M	-1.73M

Pan Orient Energy Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.07
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CEC, the sentiment is Negative. The current price of 0.07 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.07, and below the 200-day MA of 0.09, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 43.11 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CEC.

Pan Orient Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VUX	66 Neutral	C$14.89M	7.23	12.78%	―	16.71%	―
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
BNG	49 Neutral	C$7.28M	-1.69	-16.45%	―	-32.11%	66.67%
BDR	45 Neutral	C$9.05M	-1.46	-575.47%	―	―	-920.00%
SNV	45 Neutral	C$9.60M	-5.77	―	―	―	―
PUL	45 Neutral	C$6.23M	-1.70	-20.40%	―	-23.57%	-388.89%
CEC	41 Neutral	C$7.90M	-2.55	-43.43%	―	―	-1150.00%

Pan Orient Energy Corporate Events

CanAsia Energy Reports Q3 2025 Financial Results Amid Strategic Focus on Sawn Lake and Thailand Opportunities

CanAsia Energy Corp., a company involved in oil and gas exploration, reported its third quarter financial results for 2025, highlighting a focus on the Sawn Lake sales process and a bid for a concession in Thailand. The company reported a net loss of $0.7 million for the quarter and noted the need for additional capital to support future activities, including potential operations in Thailand if successful in their bid.