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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 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.


TSX:CJ - Post by User

Comment by kavern23on Nov 04, 2021 10:25pm
269 Views
Post# 34090187

RE:What would Nuttall say tomorrow on Market Call for CJ?

RE:What would Nuttall say tomorrow on Market Call for CJ?NCIB makes no sense as their share price too high...CJ buying back shares at 5 bucks plus would be nuts.  LOL considering what they issues equity at recently or warrants to be excerised.

Other names out their so much cheaper. Cardinal market cap is 765M

With 37M cashflow for Q.....

Cardinal should drop 25-30 cents plus tomorrow.



forecast123 wrote: Eric Nuttall advocated 5% base dividend and at least 10% NCIB.  Yet with CJ of which Ninepoint is the second largest shareholder opt the path of no dividend nor NCIB now which will be quite disappointing to him I bet.


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