Bullboard - Stock Discussion Forum 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... see more

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TSX:CJ - Post Discussion

Cardinal Energy Ltd (Alberta) > What's Realistic?

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Post by Wildstar82 on Jul 28, 2022 8:31pm

What's Realistic?

Considering CJ just destroyed earnings, crushed their net debt (debt free by year end), are producing at an all time high w/o hedges, and have $1.4billion of tax pools...what is the realistic share price? Is $15 out of the realm of possibilities when compared to Canadian oil peers?

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Comment by cre8value4me on Jul 28, 2022 8:42pm

Well back in 2014 I believe the all time peak was around $20 which was ther IPO year if I recall I have not looked into in depth but I don't believe there was anymore production for the company at that time so inflation adjusted share price tells me that $15 is not a stretch you have to take into consideration these O&G stocks peak and then fall we have along road ahead.... stay long ...more

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Comment by w8asec on Jul 29, 2022 10:37am

I think your $15/share target is realistic as that would put CJ Divy at 4% with a forward P/E of 5.95 ... The total shareholder Equity appears to be at $5.25 per share with no Good Will in its asset number. So yes, $15 isn't outrageous... H3ll, most public Co. trade far higher with dismal numbers.

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Cardinal Energy Ltd (Alberta)