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 emmitton Nov 12, 2019 8:44pm

127 Views

Post# 30342822

RE:RE:RE:RE:RE:RE:The results look fine to me

Chris, I'm not sure why you are saying that CJ has re-rated in a lower trading range, Kenny is big oil fella and that everything that has happened since Feb confirms it. I just looked at CJ and Suncor. CJ is trading at the same price as in February and Suncor is actually trading cheaper then February. I think CJ is much better value today at 2.04 then it was in February. I've looked at a few metrics and I don't see a pattern. I do think CNQ is well positioned going forward but I still like the valuation of CJ going forward trading at approx 1.5 price/cash flow.

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