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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 FreeCheezon Jan 23, 2021 10:06am
337 Views
Post# 32367684

RE:company presentation

RE:company presentationThat message to shareholders in the presentation was wild, never seen anything like that in a corporate presentation. LOVE to see that fire! Calling out National Bank like that, talking candidly about the callenges and emergency cost cutting measures they had to take to survive. You can tell the actions of the bank, by not stepping up when the company needed them most has put the fear of god into management. Not planning to drill any wells and just using excess cash flow to pay down debt and ensure they have control over their future and not some bank that is happy to lend to them in good times and runs for the hills in tough times is great to see as a shareholder. 
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