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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 forecast123on Mar 29, 2021 5:01pm
265 Views
Post# 32900403

will CNQ initiate a buyout of CJ ?

will CNQ initiate a buyout of CJ ?CJ's presentation has indicated it will focus on debt reduction....which meant capital expansion is not its priority, so I found it hard to imagine CJ making acquisitions of other cos or energy assets... Being acquired is not something they wave their hands for invitations but other cos which have the appetite may initiate... Which ones have that appetite to buyout CJ ? CNQ ?  or  some rich pension funds (eg Teachers Pension etc) plan to include CJ in their portfolio ?  Any thoughts !!!
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