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) > $4 will fall soon

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Comment by riskion Sep 03, 2021 11:40pm

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Post# 33813989

RE:RE:$4 will fall soon

No and I'm not sure why anyone would find this desirable as an owner of CJ. CJ has good leverage to rising oil prices with a good balance sheet. Recent deals in the sector have been all shares with valuations around $30-35k/flowing barrel. That wouldn't put any premium on the current share price and take all the upside away becoming part of a larger oil company with a bloated number of shares resulting in litlle to no torque to rising oil

See WCP, for example.

Be careful what you wish for.