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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil 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. Its Midale operating area of over 730 million barrels of original oil in place (OOIP) and its low decline in production of 3,200 barrels of oil equivalent per day (boe/d) (net) is supported by both waterflood and CO2 enhanced oil recovery. 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 OOIP pools. Its North area includes Grande Prairie, Clearwater and other properties.


TSX:CJ - Post by User

Post by Naka2112on Dec 06, 2017 3:54pm
189 Views
Post# 27103986

Puuulllleeeeeeeze

PuuulllleeeeeeezeI have been more patient and trusting (read stupid) with this company than most. 

Cj’s low price is not simply a product of low oil prices. If that were true we’d be trading down, but more comparably to other companies. 



I am am not saying that regular presentations and updates would make this $10, but it would be higher I believe. At the very least it would be informative and professional. 

However, the biggest issue is a lack of a  royalty sale. 7 long months ago we were told that it was going to make the acquisition look really attractive. Well here we are still waiting. 

To to be clear, I’m not selling. However buying this company has been a disaster





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