Cardinal Energy Ltd. (CJ.WT) Warrant
Each CJ.WT warrant gives the holder the right to buy 1 share of Cardinal Energy Ltd. at C$7.00 per share, until January 3, 2028. The stock last closed at C$12.18, above the strike, so the warrant is in the money. Cardinal Energy Ltd. has a market value of about C$2.15B. There are 2.38M listed warrants; exercising all of them would add 1.4% to the 176.14M shares outstanding.
CJ vs strike, last 12 months
No share-price history for CJ yet.
Key terms
- Strike per share
- C$7.00
- Shares per warrant
- 1
- Cash to exercise one warrant
- C$7.00
- Expiry
- 2028-01-03
- Redemption trigger
- none stated
- Cashless exercise
- —
- Acceleration clause
- none
- Break-even stock price
- C$12.16
From the issuer's filing.
Company and stock
- Company
- Cardinal Energy Ltd.
- Underlying stock
- CJ
- Share price
- C$12.18
- Market cap
- C$2.15B
- Shares outstanding
- 176.14M
- Value of all listed warrants
- C$12.30M (0.6% of market cap)
Market cap is the last share price times shares outstanding (as of 2026-10-03).
Model value vs price Pro
- Model value
- Last price
- C$5.16
- Price / model
Get Pro to see whether CJ.WT is cheap or rich against our model.
Dilution
- Shares outstanding
- 176.14M
- Listed warrants
- 2.38M
- Dilution if all exercised
- 1.4%
Warrant count from TMX listing data (listed warrants).
Filings and events
Questions about CJ.WT
When does the CJ.WT warrant expire?
CJ.WT expires on January 3, 2028.
What is the strike price of CJ.WT?
C$7.00 per share; each warrant converts into 1 share, so exercising one warrant costs C$7.00.
Can Cardinal Energy Ltd. redeem the CJ.WT warrants early?
The source filing we read lists no stock-price redemption trigger.
How many CJ.WT warrants are outstanding?
2.38M listed warrants, equal to 1.4% dilution if all are exercised.