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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.


TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta) > Hey Murray, make it for 12$ a share buddy !
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Comment by BigJakeon Jul 25, 2022 5:32pm
141 Views
Post# 34849468

RE:RE:RE:RE:RE:Hey Murray, make it for 12$ a share buddy !

RE:RE:RE:RE:RE:Hey Murray, make it for 12$ a share buddy !
JohnnyDoe wrote:
JayBanks wrote:
MohelJFox wrote:

 

divime1 wrote: Regardless who CNQ buys it will be good news for Cardinal  . It will mean one less junior for investors to choose from and bring seculation on who will be next for a major to take out . Personally I hope it isn't Cardinal at this time .

 

 


I get your thinking, but there has to be a price ?
What would make you happy, 15$ or double what you have now invested in Cardinal ?

I could easily pick another company that's been lagging and happily carry on as long as we don't get painted ponied here.


 

Personally I would hope for a takeout price above $24 cash offer. (I've been wondering what a takeout offer would look like given to us too)

If when we go debt free they could almost triple the dividend/payouts to shareholders, just to keep a similar yield profile the stock price will have to triple also...

We haven't even added a take out premium on top because as of a debt free company we should get a premium because we have very few strings attached...

I'm sure someone here could easily create a fun take out model based on forward looking financials after they come out end of this week...



cNQ isn't buying out CJ. Too small.


That is good because they certainly wouldn't be paying a premium to today's price based on previous acquisitions
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