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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

Cardinal Energy Ltd. is an oil and gas company with operations focused on low decline oil in Western Canada. It is engaged in the acquisition, exploration and production of petroleum 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. It has over 730 million original oils in place (OOIP) and its low decline production of approximately 3,200 barrels of oil equivalent per day (boe/d) is supported by both water and carbon dioxide (CO2) enhanced oil recovery (EOR). Its South District operating area is located east of Calgary in southeastern Alberta and produces medium gravity crude, as well as liquids-rich natural gas. Its Central District operation is located in East Central Alberta, which is focused on producing oil from multiple, large original oil in place (OOIP) pools. Its North area includes Grande Prairie, Clearwater, House Mountain, Mica, and Mitsue properties.


TSX:CJ - Post by User

Comment by patenright111on Apr 02, 2016 11:59am
64 Views
Post# 24723617

RE:RE:RE:RE:CARDINAL BREAKING OUT !!!!

RE:RE:RE:RE:CARDINAL BREAKING OUT !!!!just to be clear when I said no brainer - I was referring to buying CJ over TOG if one wants to initiate a position in an oil producer at this point in time. no brainer doesn't imply there is no risk here as like I said, CJ could fall into 7s and even 6s as while I don't see oil below 30 again, one can never say never. I do see oil at 45-50 by end of this year and then around 55- 60 come 2017-2018. CJ would be around $11 with 50 oil and around $14-16 with 60 oil. above 50 oil, CJ would add back their dividend to what it was was at $0.84 and with a 5-6% yield that = $14 -$17 range stock for a double from here. I truly believe one can double their money here in 2-3 years time and add in 15-20% of dividend returns as well so say 115-120% !!!
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