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 Dec 11, 2019 1:33pm

107 Views

Post# 30444555

RE:RE:Thinking of “capping up”, replacing CJ with WCP

A lot of people/institutions aren't doing this because most people are not invested in microcaps.
CJ has more torque to the upside if you believe we can stay in this WTI range or go higher. CJ is trading at 1.7X price to cash flow, where as WCP is 3.7X.
If you think oil is going back to the 40's get your money out of oil stocks and go hide somewhere else(REIT's, Telco etc). If WTI hit's $45 WCP dividend payout goes over 100% and balance sheet is stretched as well.
All that to say if you believe in oil, I would stay in CJ and if you think oil is going lower, you might be wise to move sectors.

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