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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 kavern23on May 06, 2021 11:18am
138 Views
Post# 33140662

RE:RE:RE:RE:Enbridge Line 5 impact

RE:RE:RE:RE:Enbridge Line 5 impactBro...lots of Q1 releases this morning...been going through them all as fast as I can...
Line 5 shoudnt have that much impact on the stuff we invest in...worse case it increases the costs for consumers.
Reality is they didnt shut down Dakota Acess pipeline in Bakken and this likely will be the same "noise".

Particularly interested in IPO (as somehwhat good cardium comparision for Yangarra) and Gear (for CJ and IPCO)

YGR smoked IPO's Q1..getting cash ready as I will support YGR today if 1.10-1.12.

I didn't expect GXE results to be that favorbale to the market today as they have a capex increase.
Market doesnt like  morecapital spent right now and FCF is it.

Hopefully CJ Q1 does NOT announce any drilling this year.......
CJ announcing more capex in 2021 at this point likely would be negative to stock price of CJ.


Backinblack1000 wrote: well, it appears kavern is pouting.....me, just trying to figure what price to buy back some of the shares, 

JohnBP1 wrote: This is the question or discussion I am floating out there...   Because like you   how does this impact CJ.




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