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 dalerules88on Nov 03, 2018 7:47pm

141 Views

Post# 28920128

RE:RE:RE:RE:RE:I’m bailing on this

Yes, but debt to cash flow is better on WCP than CJ.
There is a reason why SP/NBV ratio is higher for CJ relative to WCP - it reflects the higher CF risk on CJ relative to WCP.

Again, owning both would be prudent, probably, but I'm sqewed toward WCP given the CF uncertainty for Q4 at least. Of course CJ will survive, but that's not the point. As quoted millions of times before, market can remain irrational much longer than I can remain solvent.

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