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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 3:49pm
84 Views
Post# 24724079

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

RE:RE:RE:RE:RE:RE:CARDINAL BREAKING OUT !!!!cj at low 8s and wcp in mid 7s are about same for me, both good. cant really compare them with bte as bte is higher risk. if you feel oil will be 60 for sure in 1-2 years than BTE will give you more torque and a higher return but if oil say stays 40-50 for next 1 -2 years, then CJ and WCP will outperform BTE. also still chance albeit slim that if oil stays under 40 for many years, BTE will hit $1-2 where as CJ and WCP will maybe only fall by 0-10% from where they are now vs an 70-80% loss for BTE
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