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) > Murray Edwards: CNQ will acquire CJ sooner or later

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Comment by stockfyon Dec 17, 2020 3:42am

258 Views

Post# 32125966

RE:RE:RE:Murray Edwards: CNQ will acquire CJ sooner or later

stockfy wrote:

stockfy wrote:

stockfy wrote:

Thanks to the latest transactions regarding CNQ's insider Murray Edwards, I bet that CNQ will acquire CJ sooner or later.

This fact is for the newbies and those who are not familiar with CJ.

Keep in mind that CJ's CEO has sold ALL its previous companies, See his bio. So he will sell CJ too when the time is right and oil price is higher from today's levels.

FACTS:

Mr. Ratushny has over 25 years of diverse oil and gas experience in both private and public oil and gas companies. He is the founder and initial shareholder of Cardinal Energy Ltd. As well, Mr. Ratushny has been a director of two oil and gas service companies. Prior to starting Cardinal Energy, Mr. Ratushny founded four public and two private oil and gas companies all creating value for shareholders.

https://cardinalenergy.ca/about/executive-team/

CNQ has acquired many energy companies over the last years with Painted Pony being the latest one:

https://www.globenewswire.com/news-release/2020/08/10/2075410/0/en/Canadian-Natural-Resources-Limited-Announces-Acquisition-of-Painted-Pony-Energy-Ltd.html

Other deals include acquisitions from Marathon and Shell:

https://www.shaleexperts.com/deals/Shell-Divests-Canadian-Oil-Sands-Interests-for-8.5-Billion_99908549

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