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.

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Cardinal Energy Ltd (Alberta) > Dividend percentage

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Comment by Rileym7833on May 13, 2022 11:51pm

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Post# 34683550

RE:RE:RE:RE:Dividend percentage

I can see how a larger company like CNR or Cenovus could afford to take us out. Small caps command a far lower PE. If taken over, these earnings would have a higher valuation under a larger name. This doesn't include synergies of optimized logistics and administration. I'd like to know what's really stopping the large caps from offering a ~40% premium for a take over and why it would get declined. Mergers and acquisitions are often win-win.

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