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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 Luckyguy777on Mar 29, 2021 10:02pm
187 Views
Post# 32903850

RE:RE:RE:RE:feels like a pp to me

RE:RE:RE:RE:feels like a pp to meKavern,

I had never looked at YGR before (actually never heard of it).  I just took a look and it seems like a boat I could get on.  It seems like decent cash flow and low debt.  Also trading less than half of book value.  Not sure I will ever again in my life go as all in as I am right now with CJ.  It wasnt uncomfortable when the price was so low as it seemed like no risk.  Now that has changed.  Maybe I will add a small piece to keep it on my radar.

As for CJ, based on some of the price targets (Nuttal and RBC stated FMV) I think we have some upside still.  My problem is I am so overweight on CJ that I will need to find somewhere else to put some cash.  
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