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Bullboard - Stock Discussion Forum Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

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... see more

TSX:CJ - Post Discussion

Cardinal Energy Ltd (Alberta) > why is this so cheap
View:
Post by steve957 on May 31, 2022 1:34pm

why is this so cheap

big divend huge earnings??? q1 oil was below 100 a barrel until march 1 ,,,,Q2 will be huge !!!!  oil probally goiong to make an all time high CJ should follow
Comment by Rileym7833 on May 31, 2022 1:55pm
My theory is two main things drive CJ down, or prevent it from falling. The first thing is a lower frequency of public announcements, it's not very often they announce catalysts, but when they do they rocket. The second thing not setting much support for CJ is a lack of buybacks. I think the buybacks are what keep WCP from being as volatile for example. WCP has more frequent and smaller ...more  
Comment by cre8value4me on May 31, 2022 2:23pm
Well CJ has a much smaller enterprise value and float than WCP which would make it easier to have any particular entity gain a large position realtivley cheap in comparison and therefore a large influence to suit whatever agenda they may have ie. takeover or take out privately, that would be an amazing coup. The stock price is just to appetizing to ignore if we see it what do you think corporates ...more  
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