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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 TheWokeLemmingon Jan 27, 2023 4:00pm
385 Views
Post# 35251006

RE:RE:Bnn

RE:RE:Bnn

harvester wrote: He said cj was too small and not  enough upside for him

 

As many of you know, I'm not the biggest Nuttall fan after he unceremoniously dumped CJ last spring.   He has his reasons for doing so, but it also needs to be pointed out that  since then CJ has been a far superior return than BTE, TVE, Arc or other Top Picks (today he did toss aside Arc and all other large natural gas producers).   I'm just saying, he's not always right and in fact is often wrong like he has been on CJ.  Cardinal is still very undervalued IMHO and is well ahead of most others when it comes to returning shareholder value and completely paying off debt, which is Nuttall's thesis.   At some point a company like BTE will actually start a divvy but it's likely to be 2024.  Why he still promotes TVE is mystifying when it goes against his thesis.  DYOD.  

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