Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil 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. Its Midale operating area of over 730 million barrels of original oil in place (OOIP) and its low decline in production of 3,200 barrels of oil equivalent per day (boe/d) (net) is supported by both waterflood and CO2 enhanced oil recovery. 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 OOIP pools. Its North area includes Grande Prairie, Clearwater and other properties.

TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta)

Bullboard Posts

Comment by pppon Feb 19, 2018 3:23pm

144 Views

Post# 27583952

RE:RE:RE:RE:RE:Is CJ or RRX buying SGY?

A quick way to check is price per flowing. EV value divided by bbls produced. who has the lowest number. And Nav who has steepest discount to nav.

As far as I am concerned these guys need to show the market they can drill. Most companies can bring on oil production around 20,000 per flowing much cheaper than what SGY or CJ are trading at.

So by buying back shares you are telling the market you can't drill for as cheap as your EV per flowing is.

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