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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 JelrakTBon Nov 11, 2019 1:50pm
69 Views
Post# 30336128

RE:RE:Yeah, well

RE:RE:Yeah, wellI think there is hope for an improved differential in the short and long-term. I think ENB will at least prevent a bad situation from getting worse, and certainly with Keystone back online we should be going in the right direction again. Unfortunately, exact numbers are out of my reach on this--as is insider buying atm. It's all just speculation on my part really. I'm in this for a long-term payout with a 5 to 10 year window. So I'm just interested anytime it gets to this ridiculous price range.

One thing I am not too sure about though is the recent plan to allow new wells to evade curtailment. I think we are now complicating the simple with that and potentially allowing a reason for differentials to increase again, but only this time without the means of controlling them fairly. But that won't really affect much for now.

I mean I know why they're doing it? But we're moving away from market forces and into government ping pong here.


CDNdollars4me wrote:
JelrakTB wrote:
I just keep buying anytime it gets near $2

I've set aside enough to pick up another 50,000 shares if folks want to keep dumping this.

I just hope one day I don't wake up and find I've eventually bought the whole company ;-p


Jerlak?

Do you think the additional pipeline capacitiy that is coming on-line at ENB.to will change the factor in the WCS discount, significantly?  Which might change the share price $ amount, like listed in Under the Radar's range of  $1.96 and $2.04.....to new values of  $2.04 and $2.12  ?

Also, any evidence of insider buying before the earnings, tomorrow??  Am.pM?



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