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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 7Twiggyon Aug 11, 2022 7:41pm
200 Views
Post# 34890087

RE:RE:Terrible day to be a Cardinal shareholder.

RE:RE:Terrible day to be a Cardinal shareholder. Good post bbwi, IMO this is a sold play and like you I follow a lot of energy plays.  Anyone who thinks this is a terrible play has got to give their head a share.  Suspect most negative posts come from those trying to get back in at a lower level.  Still think their is a lot of money to made here.  I sold a few but only to add gear and a cancer stock that I think will be a 2 to 10 bagger. Still hold a large position and am looking forward to the dividend and higher prices.  The energy shortage is not going away anytime soon.
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