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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

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

Comment by kavern23on Mar 16, 2021 10:45am
137 Views
Post# 32807083

RE:RE:RE:RE:RE:RE:RE:Converted Debs

RE:RE:RE:RE:RE:RE:RE:Converted DebsI buy on margin so I don't really want to buy more today if between 2.00-2.10...kinda different for me. IF we happened to really crash I would transfer for sure.
I don't lol consider this a crash.  It's a blip.
Seems like the instutions went back to buying tech stocks today.

Backinblack...considering you think ATH is a safe hold :)....you should not be worried buying CJ from a risk perspective lol....
Possible we test bleow 2 bucks as we don't have good buying depth but we shouldnt close under 2 bucks unless sentiment really turns..

The wall at 2.06 could easily be fire saled to under 2 bucks as no depth right now.

I expect CJ to have a stellar Q1 and much better then its peers.

Don't really care that we had a temp blip...

Backinblack1000 wrote:

kavern23 wrote: Relax man...Q4 won't be a horror show.
We know this is production for Q4:
Q4/20 55% 27% 6% 12% 18,625
The impairment was done in Q2...that is over.

That gives a good starting point for Q1...and Q1 we will have one of the better FCF out there as we didn't spend anything n drilling.

Suncor is down 71 cents today...it's a small blip...relax.

If CJ was to hit 1.95-2.00...I will fire more archers and buy more.  If not I watch.


Oil price are fine.  Are you saying that I should wait???






traderlong2 wrote:
Hope your right
The good stuff won't show up till Q1
year end should show
the large annual lost mostly from write downs
my guess
loss 350 million ?
debt
CL will still be around 200 million
28 million bond debt @ 8 % will still show (But now gone)
16 million debt to insiders at 12% (dogs)

lower production  18,500

Q1 on the other hand will be much much better
glta
 

 




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