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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 righand2on May 23, 2017 3:12pm
100 Views
Post# 26273971

RE:RE:RE:People loading up before OPEC meeting

RE:RE:RE:People loading up before OPEC meeting
martman16 wrote: Ya I hear ya.  Just a f@&ked sector these cnd oils.  I don't even believe they will jump like they did in November.  Maybe 3-7% I hope.  But what do I know, all I can say is this will be a really long road to china.


If oil keeps rising and OPEC closes the deal to keep production down for another 9 months, I think CJ will eventually catch a bid. What worries me is that someone is selling as the price of oil is rising. Do they have inside information that we will only find out when it is too late? The Canadian stock market is crooked as 'ell, and the energy sector of the market is far worse.
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