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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) > Cardinals Valuation...
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Comment by kavern23on May 04, 2021 2:32pm
153 Views
Post# 33124725

RE:RE:Cardinals Valuation...

RE:RE:Cardinals Valuation...Well let's assume 65 bucks WTI....

CJ Cashflow is 120 M - 32M = FCF 88M In Cad Dollars
IPCO Cashflow is 210 and 37M =FCF  173M in USD dollars

Look at the market caps is all I am saying....

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

I am not saying to rush out and buy IPCO...the massive sell order of 1.5m shares needs to go at 4.50 before I think of it even....

Just giving some perspective...I still like CJ ALOT but the run is very fast and any signs of oil weakness and lol....




Rational43 wrote: IPCO Debt + Market Cap = 4 x annualized CF at $65 Brent and its 36% Canada Natural gas.  

What metric do you feel this is cheaper than CJ on?


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