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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 Wildfuryon Nov 01, 2022 1:25pm
311 Views
Post# 35063740

Cardinal has no RESPECT

Cardinal has no RESPECT
Cardinal energy is only pennies away from reaching a new 52 week high & yet I see so many disgruntled posts about the stock performance ? Cardinal reports Nov 10 2022 I believe , hope they report that thier debt is virtually eliminated . Take a look at many other Canadian oil names that are not as close as Cardinals 52 week highs. Personally I think this stock makes a new high prior to the earnings release next week . CJ & BTE are my main holdings , looking forward to BTE'S earnings on Thursday after market close. Investing in Oil & gas stocks can be very nerve racking but patience will be rewarded , congratulations to all the longs.
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