Cardinal Energy Ltd (Alberta) T.CJ

2.15 has been hit...

[kavern23]

Looks like 2.15 has been hit.  F*ck this oil inventory report is so critical.

Can;t tell much from market depth right now and trading.

[Backinblack1000]

This post has been removed in accordance with Community Policy

[kavern23]

Yuck...not a great oil inventory report...need the crazy oil bulls to carry us today in the futures market.  Quite bearish report. Maybe traders will look past it but gasoline demand in states is very weak....need the vaccine to even speedier. Suprised oil is not under 64 yet but the bulls are pretty strong.

[kavern23]

A moral victory will be if oil holds above 63.50 today...bulls are crazy but it will be a challenge....

[BadShituation]

Ya i would have liked to see gasoline demand more in line with last week. Need to eventually get over 9Mbbl/d.

[kavern23]

The heavy indebted companies like BNE, ATH, etc should react worse then CJ going forward on any price drop...in any worse case scenario. Above 2 bucks is all that matters too be today on CJ. Crude oil to refineries is down like 2.4M barrels per day compared to last year...we need a 1 million barrel demand increase within next few weeks or this rally could die...

[BadShituation]

I think refiners are playing us a bit here. Products inventory vs 5 year is leaning low. Some areas of the world have seen product shortages, and product tanker rates are starting to climb. At some point they will ramp up utilization, question is when. They dont want to be the ones stuck with huge product builds, and if they draw out the timeline, they can ensure they wont be. The good thing

[kavern23]

Bizarre day..CJ is up 6% and YGR is 2.4% on a tough oil day. Been out of Inplay oil. Going to ride or die with just two companies lol. CJ is likely worth more then 2.10 even at 60 dollar oil let alone 63.50..so hard to tell with it....

[minime123]

 To my mind, as long as oil stays over 55 US, my shares stays put.  All i see in my head are my shares floating in drewl as Q4 was a jaw dropping success.

[kavern23]

Agreed bro... In my mind, I have visions in Jan 2022 of a 3 cent a month divy. Doable, only like 44M. CJ has no hedges for 2022 and will have lower financing expenses in 2022.  A 150 cashflow in 2022 is doable. Could look like: 44M for divy 50M for Capex..15 drilling program should get 1k-1500 BOE fairly easy 50M for debt reduction making ending 2022 total debt in 80M-90M range if we end

[minime123]

-CNQ Billionnaire with us! -CJ cleaning up -Debt going down -Profits coming back -Saudis says that the oil confort zone is between 70 to 85 dollard price. -Biden's green plan will need to have huge upside price on WTI in order to have US citizen freely accept to buy EVs as replacement for gaz cars.  so i see him pushing the price way higher than 85 bucks. - At 70 WTI, CJ will be debt free