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Bullboard - Stock Discussion Forum Cardinal Energy Ltd T.CJ

Alternate Symbol(s):  CRLFF

Cardinal Energy Ltd is an oil-focused Canadian company. The company's principal business activity is the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan.

The Market Herald Price Sensitive
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Cardinal Energy Ltd > Hey Murray, make it for 12$ a share buddy !
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Hey Murray, make it for 12$ a share buddy !

MohelJFox (143) | July 25, 2022 12:37 pm

From Twitter :

"Watching BNN this morning… credit suisse is anticipating CNQ announcing an acquisition when they do quarterly reporting Aug 5…. Any insights? "




https://twitter.com/kylehnielsen/status/1551583728379564032?s=21&t=nyD6DmLP5Ad161c0D4hw8w

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

divime1 (167) | July 25, 2022 12:42 pm

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 .

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

MohelJFox (143) | July 25, 2022 12:53 pm

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.

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

divime1 (167) | July 25, 2022 01:15 pm

$ 14 or $ 15 would work but sadly nobody on this board has any say in the final out come . We are at the mercy of management . If we get a low ball takeout there will be many saying they will vote no but it's insider and the funds that control our future .

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

JayBanks (147) | July 25, 2022 01:53 pm

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...

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

JohnnyDoe (584) | July 25, 2022 04:29 pm

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.

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

BigJake (191) | July 25, 2022 05:32 pm

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