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)

Bullboard Posts

Comment by JelrakTBon Nov 14, 2019 12:09pm

72 Views

Post# 30351226

RE:RE:CJ SP at 2.04$ while WTI at 57 US$ ???

So you plan to sell at the bottom of the market? Seems reasonable...

Chris_toronto wrote:

forecast123 wrote: It is absurd that when WTI is at 57 US$, CJ SP is at 2.04$ ...

Why would any sane investor put their money in a sector that's subject to the wrath of its government, according to you and to the sectors CEO's.

You have quite successfully advertised this dark image of Canadian energy to the detriment of the sector you supposedly love, instead of highlighting its positive developments. Politically, you have Collectively thrown your full weight behind what you admit was a pathological liar, Just because he promised to cut corners and overrule the courts to advance energy projects.

You have tarnished the reputation of this sector Globally. And you reap what you sow with CJ at $2.04 as WTIC appraoches the $60 level. Canadian energy investors are their own worst enemy.

I will be divesting out of my E&P Stocks in the next two weeks. And I'll be looking to smarter company to associate my money with lol