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) > FCF

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Comment by stockfyon Feb 03, 2021 4:40am

150 Views

Post# 32455711

RE:FCF

Excellent said.

giovinco wrote: FCF just increased by $3.8M x 3 = $11.4M, from the previous $40M to $45M, when WTI went from $52 to $55.
Based on recent share price increase of ~10 cents per share, market cap is up only ~$12M while annual FCF increased ~$11.4M.
Assuming 10% discount rate, market cap should have been up $114M or 93 cents per share. Very conservative valuation being done for CJ.
Current FCF is estimated to be ~$55M annually and enterprise value is less than $400M.

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