Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

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.

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Cardinal Energy Ltd (Alberta) > Goldman still expects oil at $100 a barrel by spring:

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Comment by Quintessential1on Oct 06, 2023 12:13pm

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Post# 35673325

RE:RE:RE:RE:Goldman still expects oil at $100 a barrel by spring:

A 10% drop in oil price and only a 5% dip in CJ's share price.

Something is buoying it and if not the new barrels added what is?

Could be the secure divy putting a floor under the share price.

I am not sure one stock can float a whole sector but a good add to production, reserves and FCF can secure a divy.

Did anyone confirm that was a GXE pick up? Maybe we can add them in one quarter at a time?

GLTA