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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

Post by cre8value4meon Jun 05, 2022 8:13pm
294 Views
Post# 34732916

Take out?? food for thought

Take out?? food for thoughtSo EN sells out...... down plays the upside potential of CJ which doesn't seem to hold water.... he sells his shares to the aquiring party?
Having intimate knowledge that we do not have, possibly getting a wink wink nudge nudge over dinner that a buy out is simmering, it is a cash machine the insiders would then have the bank all to themselves.  Many posts that I read on this board seem to think this is tradeing at fair value to the market.. I disagree this is being held down it is a atm machine already. I know if I was in the position to take this bad boy private and keep all that bank for myself and buddies I sure as hell would. This is going to be a debt free money printing machine in a few months. Unfortunately if it is taken out we will not get to reap the full value but I guess there are many options in this market so GLTA.
JMHO
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