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Bullboard - Stock Discussion Forum 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... see more

Bullboard (TSX:CJ)

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Comment by Quintessential1on Jul 03, 2024 7:24am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:SAGD Warm Up Phase

Okay and that's a really good return but let's be clear.  That's after stage 2 right?  3-4 years out?  And yeah we get paid .72 cents a share per year to wait and I'm ...more  
Comment by JayBankson Jul 02, 2024 11:18pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:SAGD Warm Up Phase

  I think we could hit $14 after the project is online and we are on regular CAPEX with pay down happening/close to complete, and we get 72 cents per year to wait for it...
Comment by lnggasfor202324on Jul 02, 2024 10:47pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:SAGD Warm Up Phase

It's possible with the SAGD project if it outperforms and high oil prices.
Post by Khersonon Jul 02, 2024 10:15pm

The Ghosts of the Calgary Stampede's Past...

Some really interesting oil patch deals have come to fruition during the Greatest Outdoor Show on Earth, or so I have been told!  Kherson
Comment by Quintessential1on Jul 02, 2024 9:02pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:SAGD Warm Up Phase

Yeah very.  Just out of curiosity when do you think CJ can achieve a $12 share price organically? GLTA
Comment by OLIVIER1951on Jul 02, 2024 6:49pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:SAGD Warm Up Phase

Pour un takeover le  prix  serait  tres bon
Comment by lnggasfor202324on Jul 02, 2024 6:39pm

RE:RE:RE:RE:RE:RE:RE:RE:SAGD Warm Up Phase

 The proven and probable numbers are over $12.00.
Comment by Quintessential1on Jul 02, 2024 6:12pm

RE:RE:RE:RE:RE:RE:RE:SAGD Warm Up Phase

Ok lets take it up a notch.  Say 3 CJ for every 1 SCR or 10.75 per share cash? This represents about a 60% premium at current share prices. GLTA
Post by spurwing2on Jul 02, 2024 6:10pm

Oil jumps on significant crude inventory draw:

https://oilprice.com/Latest-Energy-News/World-News/Oil-Jumps-on-Significant-Crude-Inventory-Draw.html
Post by divime1on Jul 02, 2024 5:24pm

Big drop in API crude

Crude: -9.163MM, Exp. -0.7MM Gasoline: +2.468MM Diesel: -0.740MM Cushing: +0.404MM
Comment by lnggasfor202324on Jul 02, 2024 5:07pm

RE:RE:RE:RE:RE:RE:SAGD Warm Up Phase

I'd exspect more then that.  The proven and probable numbers would be more realisistic on a buyout and I doubt management would sell for much less, unless their debt runaway on them and the ...more  
Comment by Quintessential1on Jul 02, 2024 3:04pm

RE:RE:RE:RE:RE:SAGD Warm Up Phase

I didn't mean to imply a low ball buyout.   What would it take for you to give up your shares and not wait for stage 1 of the SAGD to complete? 30...40% on the current price?  Say ...more  
Comment by GoldenArm1on Jul 02, 2024 11:40am

RE:RE:RE:RE:RE:SAGD Warm Up Phase

Could be the NVDA effect. People are selling now to get into AI. There are signs of profit taking in AI and investments coming back in to Oil and other energy plays
Comment by lnggasfor202324on Jul 02, 2024 10:39am

RE:RE:RE:RE:SAGD Warm Up Phase

The insiders have a lot of skin in the game and would not let anyone steal the company with a low ball buyout, unless there were major problems which there doesn't seem to be.
Comment by Quintessential1on Jul 02, 2024 10:02am

RE:RE:RE:SAGD Warm Up Phase

You know investors keep pointing to the price of oil and the previous share price of CJ like the two should be inextricably connected without any other factors coming into play. Sure the last time ...more  
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