Cardinal Energy Ltd (Alberta) T.CJ

Show me the Money!...Part2

[Dadsaid2]

A while back l asked for comments about the $ 50 million deal.  Now it closed at $60.  Lets hope they manage this cash properly as all things are looking a lot better starting 2025.  Oil price up over $74 US$ and even better Canadian dollar way down to $.69.  Great for Canadian producers.  Natural gas improving on many fronts (even though CJ isnt that big in NG) but helps all energy stocks.  I think things are getting very tight and changing in world markets especially Russia, Iran and Europe.  2025 will be interesting.  Q4 earning should improve but l cant wait for Q1 2025 with this $60 million hitting the balance sheet.  Anyway things looking good for CJ going well over $7 in the next few months.  Comments welcome...GLTA.

[caretired1]

My read is besides baking in capital buffers while spending on SAGD #1, with this new capital and expected FCF annually from SAGD 1, they have fully funded the costs for SAGD #2 Kelford, which they have not yet fully approved or committed to.  Managing is what they do well and SAGD development is a skillset they have.  SAGD has a good offtake with the new pipe and price spreads have come

[TheRexmember]

I agree that the management talent is clearly there to bring in multiple sagd facilities. This company is now firing on all cylinders.  The balance sheet is solid  Multiple streams of debt limits risk. costs are under control a huge dividend is being paid their inventory of drilling locations is solid some exploration success on land acquired cheaply  the

[OLIVIER1951]

J' AI DU CJ A 6.30, ET ENCL DISTRIBUTION MENSUEL  DE 0.29  18%