Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

Cardinal Energy Ltd. is an oil and gas company with operations focused on low decline oil in Western Canada. It is engaged in the acquisition, exploration and production of petroleum and natural gas in the provinces of Alberta, British Columbia, and Saskatchewan. Its operating areas include the Midale, South District, Central District, and North District. It has over 730 million original oils in place (OOIP) and its low decline production of approximately 3,200 barrels of oil equivalent per day (boe/d) is supported by both water and carbon dioxide (CO2) enhanced oil recovery (EOR). Its South District operating area is located east of Calgary in southeastern Alberta and produces medium gravity crude, as well as liquids-rich natural gas. Its Central District operation is located in East Central Alberta, which is focused on producing oil from multiple, large original oil in place (OOIP) pools. Its North area includes Grande Prairie, Clearwater, House Mountain, Mica, and Mitsue properties.

TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta)

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Comment by PeterWrighton Jan 23, 2020 9:24am

55 Views

Post# 30587976

RE:CJ or YRG?

I think both stocks are very different. I do like CJ on for several reasons.
-It's currently cheap at under 2X cash flow
-They are agressively paying down debt
-They are buying back shares
-Low decline rates
-Good dividend and management has showned the strenght to adjust when needed.
-CJ is still creating free cash flow at 55 WTI with normal differentials(take away capacity should increase in the 2nd half, lowering differentials) while other companies struggle at $55 WTI.

I'm buying today when it hits $2.50

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This junior mining stock offers billions in market exposure