Cardinal Energy Ltd (Alberta) T.CJ

Converted Debs

[FenceSitter773]

It will take awhile to absorb the new pile of stock from the conversion. Some will un-load as soon as possible for a quick buck others just do not want to hold stock.

[Backinblack1000]

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[traderlong2]

excellent assessment some Bond holders wont own stock and will unload them once received (thats why they held the bond) not shares it was a no brainer 1.25 a share covert while trading at 150-1.60 this was another .30 gain per dollar at par most made their money in the last year on the par dollar as debs were at one time available for .30-.60 cents for a dollar of loan I bought the deb from there

[Backinblack1000]

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[JohnBP1]

Traderl2,  I see you are forecasting a "terrible" quarterly results..   I dont agree. I think we will see "fair" results tomorrow.  CJ has to have paid down debit, and according to their website taking action to increase output and continuing cost reductions.  We will see tomorrow..    GL

[traderlong2]

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

[kavern23]

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

[Backinblack1000]

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[kavern23]

I 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

[kavern23]

Both YGR and CJ had their walls taken out at like exactly same time frame. I think yesterday some investors redeemed money out of funds that own baskets of energy stocks and today that lead to selling...selling into a market with still litlle retail following. Those investment funds have to liquidate no matter the fundamentals of the company. 1.6m barrels refineries went back online. Hard to say

[Backinblack1000]

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[kavern23]

65 dollar oil crushes any coral reef bro.... Lack of oil supply and greater demand is our life jacket so too speak... And YGR recovering means more then anything to me lol..... Time for a song