Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Apr 06, 2021 11:11am
227 Views
Post# 32941426

RE:CJ and WCP ?

RE:CJ and WCP ?This is true it takes CJ off the table....we still guessed right based on stock price trading that either WCP or CJ was making some kind of "move"...turns out the move was WCP.

I don't like the move from WCP perspective, Kicking Horse Assets are going to need a ton of capital to fully develop...hence why Kicking Horse put themselves up for sale.
Kicking Horse has good land and some good wells...but it doesnt really fit the dividend model these type of assets.

WCP is going to be paying a divy on these 34.5M plus shares they issued to Kicking Horse Shareholders and it will be awile before these assets pay any type of Free Cashflow.
Guessing Kicking Horse doesn't own any gas plants which is so key too operate things cheaply.

WCP Ceo basically mentioned, I think it was last week or week before that they were not interested in the 6500 BOE of ARC cardium assets that are currently being marketed for sale....that the 225m reclaimation liability was an issue.

Whatever Arc get's for these assets will be a good indicator of what older older oil and gas assets are worth.

Deals are good too see as it give an indicator of what stuff works.

Time will tell if CJ has a deal in the works.



forecast123 wrote: WCP had made its 3rd acquisition in 2021 (Kicking Horse).... Hard to imagine WCP to take on a 4th acquisition.... So for those chatting about WCP possibly taking CJ, it maybe just a faint dream.


<< Previous
Bullboard Posts
Next >>