Cardinal Energy Ltd (Alberta) T.CJ

Cj my 2 cents

[traderlong2]

The deb holders are long term investors of CJ
Believers....
They entered the Deb knowing that they were holding for 2 more years (dec 2022)
these are not flippers
if the deb holder wants out they can get 105 per deb today
so i am almost sure all will get converted
these wont stress the share price imo
new out standing goes to 144 mil
still a very tight float

When the dust settles we have the following

28.2 million in debt GONE !in one swoop
off the books completely

oil holds up
year end exit on Credit Line goes from 200 mil to new balance at year end 135-145 million apx


only other debt is 16 mil to edwards and insiders with almost 2 years to deal with


betting they will be forcasting FCF of 80 - 100 mil for 2022

Pretty sweet numbers for a mid size oil company
sounds like a 3-5 dollar stock to me
with a divy

I hold both shares and deb almost equally
I will not sell shares or play with shorts
I will convert all of my debs and hold on to all of the shares
My total holding is cj will remain almost the same
i think most deb holders will do the same

good luck to all

[kavern23]

I think Covid Curse and low Q2 oil prices show how CJ being a higher priced operator can't handle low oil prices well.  The -10M cashflow in Q2 from operations must have been a somber conversation with the bankers. If YGR had a negative cashflow in Q2 they may not be around....mircale they still could even cashflow 7.7M in Q2 at 31 dollar oil and 1.89 Aeco.  CJ shouldnt have an

[stockfy]

We will most likely have another bullish weekly crude oil report this week, which could help CJ reach C$2 by the end of this week. API will announce it today after market close and EIA will announce it tomorrow.

[Backinblack1000]

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[RHertig]

BinB it beats my small steady rises. :)

[Backinblack1000]

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[kavern23]

Will the debenture holders short CJ common shares knowing that that can always convert? Key question and I don't know the answer and it may not matter if oil can strengthen enough. I took alittle drink and got some CJ shares this morning and way  more YGR. Going to stop loss CJ at 1.25. Am I advocating anyone else do this...f*ck no...we are all adults and I understand the risk here. No

[Backinblack1000]

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[kavern23]

Lol...looks like I timed it right today :) ....LFG CJ!

[UnderTheRadar]

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[JohnBP1]

Dream on....  the stars are not alighned yet....

[antonaki1]

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[Backinblack1000]

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[ronz]

My two cents is that until this gets back to above $2 per share again, it will not get the credibility it deserves. It is a great company that was very strongly punished during the drop last March and it dropped so fast and hard that it would have been expected that it should have had a substantial bounce well ahead of this recent rise in price, but it is definitely making up for lost time. I

[traderlong2]

Love Love that Nutall could not get 5 million shares from anyone sounded like he went right to Cardnial and the insiders Answer was NO todays totals 3.5 million shares traded and some on is hogging/buying all the aviable debs to convert !! House Positions for C:CJ.DB.A from 20210209 to 20210209 House Bought $Val Ave Sold $Val Ave

[JohnBP1]

My 2 cents is that CJ is undervalued due to the general down on fossil fuels and the increase in EV solutions. However as the big guys excape to other opportunities other than oil the market will tighten. Also the solution to Covis is on its way world wide, this in itself will boost the need for oil. However again, the mid east can pump a lot more so they need to hold back...

[kavern23]

Good Points Antonaki. Murray Edwards being on board is a great sign and i am sure CJ will be using Ensign Drilling now.  Edwards has so much wealth that I don't think he will sell out for chump change...he has so many millions that making a milly isnt worth it for him. Europe storage NG gas levels are at 47% right now...not bad at all. USA LNG exports have been over 11 BCF a day since

[Backinblack1000]

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