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) > Strange trading last two days!

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Comment by NonCredibleSrcon Sep 14, 2023 10:49pm

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Post# 35637509

RE:RE:RE:RE:RE:RE:RE:Strange trading last two days!

Does net debt mean anything without understanding the interest rate that is applied to that debt?

In my opinion, no.

Given today's prime rate, and the fact that CJ has not aquired any net-new debt over that last year or so, the interest rate that their debt is negotiated at is likely far less than the current 9.51% that they are paying shareholders. To my simple way of thinking, that would make share buy-backs the priority as it may better contribute to the bottom line moving forward.

Am I thinking backwards?

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