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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

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

Comment by kavern23on Mar 29, 2021 3:52pm
168 Views
Post# 32900063

RE:In preparation for tomorrow, may be a buyout

RE:In preparation for tomorrow, may be a buyoutCJ using it's share price and buying another company using shares is more likely of a scenario then CJ being taken out.
The market is still depressed...our share price is a weapon.

Companies facing trouble to renew debt facutlies could really use our FCF to pay down debt.

Key question is we don't know what size CJ is aimining for...do they want to take this to 30K BOE level...


sylvain_007 wrote: If CJ  share's is rising like that, there some reason but the first is the company. Something more, i do not know but if this company receive an offer from a competitor, you can see 5$ easily.


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