Bullboard - Stock Discussion Forum 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... see more

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TSX:CJ - Post Discussion

Cardinal Energy Ltd (Alberta) > Tweet from Nuttall a few min. ago

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Post by divime1 on Jul 16, 2021 9:22am

Tweet from Nuttall a few min. ago

Any who says he's selling CJ don't have a clue . Note # 1

https://twitter.com/ericnuttall/status/1416023667125932032

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Comment by rodster55 on Jul 16, 2021 12:35pm

Wow..... WTI @72 USA dollars and we can buy back 51% of o/s shares with FCF ? There must be alot of people sitting on the sidelines waiting. Get use to the oil market volitility and ask yourself why do you own Cardinal Energy shares. The fundamentals have not changed IMHO and looking to add down here ! GLTA Longs !

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Comment by Stavkot on Jul 16, 2021 6:36pm

I'm not sure how he calculated those numbers but I think he did production X $72US - estimated capex = 50% of market cap. According to the numbers on the presentation yesterday CJ can purchase

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