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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 JayBankson Jan 15, 2023 1:22pm
179 Views
Post# 35224316

RE:RE:RE:RE:RE:RE:Japan to beg for Canadian natural gas:

RE:RE:RE:RE:RE:RE:Japan to beg for Canadian natural gas:

Quintessential1 wrote: Ridley Island does not have any LNG capacity that I know of but yeah sell Japan propane all day until LNG can be added or ramped up.

GLTY


JayBanks wrote: We already have a Ridley Island open and operating shipping LNG, propane and other products that is operating below current half capacity, this project that is also able to expand I forget if it's a double or 50% capacity when required operated by Altagas...

Kitimac will be a nice project when completed, but it's not really a hold up on abilities to supply. There was also a project that was going to be in Atlantic Canada, I forget the name of it and if the operator was Enbridge or TC, I believe is was shelved for the moment or is slowed in permitting issues.



 

Your right, my bad, I thought it had LNG capacity.


I'm invested at Altagas also, but I have stopped paying attention to it closely as I once did, I was getting ready to divest it but they seem like they will be starting to become a dividend grower going forward, tho I'm not that interested in the utility chunk of the company.

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