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.

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Cardinal Energy Ltd (Alberta) > Cardinals Valuation...

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Comment by kavern23on May 04, 2021 11:45am

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Post# 33123628

RE:Cardinals Valuation...

I am not pumping IPCO. 1.5M shares of IPCO for sale at 4.50..just sayin...

kavern23 wrote: I am not suprised CJ is having trouble holding 3 dollars today.
CJ vaulation is getting expensive compared to others.

Example is International Petro Corp (IPCO) has a market cap of 674M
Cardinal has a market cap of 422M.

The gap between these two companies shouldnt be 252 M.

IPCO is similar too CJ in some aspects but only twice the size...FCF and production.....

The tricky part is Q1 for CJ. CJ could have a 80m-140M impairment reversal...

Lots of people can see the impairment reveresal coming for CJ.