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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

Energy Oil & Gas E&P
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

Cardinal Energy Ltd (Alberta)
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Comment by counterintuitive247on Aug 11, 2017 1:09pm
174 Views
Post# 26571710

RE:RE:finally CJ behaves properly

RE:RE:finally CJ behaves properlydivi was set at $29. wont change till 2018.  majority of shareholders want the divi and therefore till that changes CJ will pay a divi instead of drilling because of their corp decline only being 12% now!

Q3 will be what the market needs to see the aquistion working in the balance sheet. The bottom was yesterday, if i had to guess.  Natty maybe you should buy some and enjoy the ride
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities