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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF | T.CJ.WT | T.CJ.DB

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)
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Comment by JDavis17on Apr 17, 2018 7:33am
193 Views
Post# 27895707

RE:RE:Time to act

RE:RE:Time to act
Kontrary wrote: At this point, I don't think they are going to need to complete the rest of the royalty transactions. By now, prices have increased to a point where they are generating sufficient cash flow to be able to make a material impact on their net debt over the next quarter or two without selling anything more. At the same time, overall CF is going to show a big enough increase that the Debt/CF ratio will be moving close to historic (i.e. "analyst-approved") levels without the company having to do anything drastic on the "Debt" side of the equation.

We probably won't see the full extent of this until the Q2 numbers come out in August, but CJ's management likely has a much better hold on this now.



Agree 100%. CJ is now in a win/win situation.

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Dealroom for high-potential pre-IPO opportunities