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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

Post by ronzon Feb 04, 2022 8:44pm
267 Views
Post# 34400117

$6 Bucks + before the end of February!

$6 Bucks + before the end of February!Given the upward trend in OIL  lately, this is going above $6 dollars and beyond before the end of the month. Many factors due to low reserves, shortage of supply, geopolitical issues, and the inability of OPEC+ to expand to meet the needs for additional barrels per day supply. This has all the makings of oil running to $120 /barrel this year. You heard it her... these factors will not go away. I feel extremely safe investing in this sector this year or longer until the indicators point elsewhere.
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