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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil 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. Its Midale operating area of over 730 million barrels of original oil in place (OOIP) and its low decline in production of 3,200 barrels of oil equivalent per day (boe/d) (net) is supported by both waterflood and CO2 enhanced oil recovery. 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 OOIP pools. Its North area includes Grande Prairie, Clearwater and other properties.


TSX:CJ - Post by User

Comment by kavern23on May 04, 2021 2:39pm
139 Views
Post# 33124775

RE:RE:Cardinals Valuation...

RE:RE:Cardinals Valuation...Take Mr. Nuttall...well I don't think he is profit taking any CJ right now...do you guys think Eric is going to tweet when he is selling ATH and the gift his name has done to that stock...wait until Q1 comes out...

Eric will do his moves before he publicly will share it....

Of course if wti somehow stays at 70...this is all a moot point....




Rational43 wrote: IPCO Debt + Market Cap = 4 x annualized CF at $65 Brent and its 36% Canada Natural gas.  

What metric do you feel this is cheaper than CJ on?


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