Cardinal Energy Ltd (Alberta) T.CJ

What's Realistic?

[Wildstar82]

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?

[cre8value4me]

Well back in 2014 I believe the all time peak was around $20 which was ther IPO year if I recall I have not looked into in depth but I don't believe there was anymore production for the company at that time so inflation adjusted share price tells me that $15 is not a stretch you have to take into consideration these O&G stocks peak and then fall we have along road ahead.... stay long

[w8asec]

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.