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) > cj is trading below $7,00

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Comment by Quintessential1on Aug 12, 2024 4:26pm

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Post# 36175233

RE:RE:RE:RE:RE:RE:RE:RE:cj is trading below $7,00

According to Mike Rose the crew takeover was done by a bidding process that TOU won. There could definately be a couple of low bidders with itchy trigger fingers. I would have to think SCR and CNQ may have been in the bidding for crew until TOU topped them. SCR has been talked about before as being a natural fit for CJ's assets.

GLTA

randomexplore wrote: Getting closer to $7.00

Lots of time to Friday

Crew take over is very high price compared to cash flow - This stock would be even a better buy

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