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 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.

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Cardinal Energy Ltd (Alberta) > What's Realistic?

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Comment by w8asecon Jul 29, 2022 10:37am

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Post# 34859886

RE:What's Realistic?

I think your $15/share target is realistic as that would put CJ Divy at 4% with a forward P/E of 5.95

... The total shareholder Equity appears to be at $5.25 per share with no Good Will in its asset number.

So yes, $15 isn't outrageous... H3ll, most public Co. trade far higher with dismal numbers.

Wildstar82 wrote:
Considering CJ just destroyed earnings, crushed their net debt (debt free by year end), are producing at an all time high w/o hedges, and have $1.4billion of tax pools...what is the realistic share price? Is $15 out of the realm of possibilities when compared to Canadian oil peers?

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