Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

Energy Oil & Gas E&P
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

Cardinal Energy Ltd (Alberta) > Cardinals Valuation...
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(176)
•••
Comment by kavern23on May 04, 2021 3:53pm
122 Views
Post# 33125318

RE:RE:Cardinals Valuation...

RE:RE:Cardinals Valuation...Could even be swingier with Nuttall owning such a large stake.
He has effectvely lowered the public float abit. And also likely has keep the shorters away as CJ is hardly shorted.  Shorts keep the market honest and they can;t touch this right now with Nuttall involved.  CJ was always shorted in 2019 but not now.

I wonder what his exit strategy is...I mean his stakes are getting so large in some of these juniors...and realistically...ATH, CJ and GXE will not likely not be his top 3 in six months.

I think it will be tough for CJ to move past 3.20.
Q1 earnings are likely being pressed in right now...it is obvious to anyone with a working and functioning brain that CJ will have a huge net income.  The price deck for WTI was 47 dollars in CJ last price deck for impairment tests.  Every 5 % change on commodity prices are like 52m of impairment reversal income.

Possible Q1 doesnt move things as current price is pricing these news in.
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities
USER FEEDBACK SURVEY ×

Be the voice that helps shape the content on site!

At Stockhouse, we’re committed to delivering content that matters to you. Your insights are key in shaping our strategy. Take a few minutes to share your feedback and help influence what you see on our site!

The Market Online in partnership with Stockhouse
Later
Participate
Not interested