Cardinal Energy Ltd (Alberta) T.CJ

Everyone talk about 1,80$ a share price.

[sylvain_007]

Explain to me why, is the potential so high than we have to buy now. I know the future is good for oil and gas, and may be it's a good investment for all. I will look tomorrow.
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[forecast123]

Can you explain "who" is the everyone who said 1.80$ SP ?

[yggdrasill]

The assets of the company are worth $1.75 a share at $45-$50 oil I think. And at $60 a barrel + whatever high price for gas that is currently being paid, CJ should have no trouble at all bringing debt down to a safe level. The company's operations are carbon neutral (when not accounting for the fossil fuels it extracts), and it has one of the lowest decline rates in the field.  

[traderlong2]

I started to Buy CJ last year this time at 2.80 a share did lots of DD and felt they were well valued feb 2020 pumping 19000 bpd apx oil 55-58 debt CL 260 million 50 million deb   so 310 million debt lots of abandoned wells on the books by year end this year CL 150 million or less deb 16 mil       so total debt 166 million oil 55-60 pumping 18,000 bpd very