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) > New Press Release - Cardinal Energy Ltd. Announces Third Quarter 2024 Operating and Financial Results

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Comment by cooper90on Nov 07, 2024 11:55pm

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Post# 36302479

RE:RE:New Press Release - Cardinal Energy Ltd. Announces Third Quarter 2024 Operating and Financial Results

Nice analysis!

Based on cash flow generation, their unique high quality low decline assets and the upcoming Sag production benefits this stock is undervalued.

The current dividend should represent 8-8.5% which means this stock should be trading at $8.20 - $8.60
It's very puzzling with almost $100 CDN a barrel at current prices under these exchange rates

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