Cardinal Energy Ltd (Alberta) T.CJ

feels like a pp to me

[uograd]

we all concur that something is up.  buyout of or buyout of something else both possible but feels more like we might see a pp in the 2.50 range or thereabouts.

i was just looking at surge chart.  surge and cardinal were at roughly the same price last year both with banking issues.  Fortunately for cardinal, uncle murray waived his majic wand here and not at surge.

[ozkan123]

That was one thought I had as well but wouldn't it be crazy to do PP for either debt reduction OR a potential purchase of another company, or expansion, even if FCF is good.  Afterall, oil prices are decent now, but who knows what crazy event or organization can bring it down to the 30's and 40's. You're 2.50 is a good point, anything lower may take the wind out of the sails

[kavern23]

If one was too divide Whitecaps share price by 2...5.46/2 = 2.73.... Following from today is Whtecaps room financially: Whitecap’s current credit capacity is $2 billion and our expected debt to EBITDA ratio is 1.2x at the end of 2021. We also have the ability to increase this capacity to $3.4 billion without lender consent, providing us with significant financial flexibility.

[Backinblack1000]

This post has been removed in accordance with Community Policy

[forecast123]

Kavern:  Forget about WCP...  Its SP has been limping in the last few weeks....  It has some sort of a piece of good news (increase in production with no need to increase capital spending) yet its SP has no response at all to good news ! Regarding your maths of 1 WCP for 2 CJ.... I wont take it bc WCP's SP is 5.46$ today, which will give the maths of assuming CJ is worth 2.73

[kavern23]

I was going to take night off but I think I am going to spend next three hours reading every single financial statement WCP has released. Regardless of the speculation I need some new investment targets to buy stock in....I sold my CJ margin so I have the cash and I am my position in YGR is getting large. I still want to crack 100,000 more Yangarra shares but I can't get any visibility on

[Luckyguy777]

Kavern, I had never looked at YGR before (actually never heard of it).  I just took a look and it seems like a boat I could get on.  It seems like decent cash flow and low debt.  Also trading less than half of book value.  Not sure I will ever again in my life go as all in as I am right now with CJ.  It wasnt uncomfortable when the price was so low as it seemed like no