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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 ronzon Feb 14, 2022 9:05pm
197 Views
Post# 34428464

RE:RE:RE:Wake up ! Something is going on here !

RE:RE:RE:Wake up ! Something is going on here !As this stock was attempting to catch it's breath from a technical stand point, and oil has continued to keep rising, this stock is back to under performing compared to some of the other canadian oil stocks such as Meg and Surge, etc. Assuming that oil continues to rise on its way above $100 per barrel, I would have to say this should make another good run up soon to the $7 per share level. 
It's not a matter of if, but rather a matter of when... We all know it. This will make another huge leap very soon.
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