Cardinal Energy Ltd (Alberta) T.CJ

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

[MohelJFox]

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

[divime1]

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 .

[MohelJFox]

  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.

[divime1]

$ 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 .

[JayBanks]

  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

[JohnnyDoe]

cNQ isn't buying out CJ. Too small.

[BigJake]

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