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) > Trans Mountain Pipe Impact

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Comment by Quintessential1on Jan 29, 2024 8:42am

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Post# 35850012

RE:Trans Mountain Pipe Impact

IDK P it would be nice if they completed it first. Do you know a web site that reports WCS pricing or the spread?

I think the pricing increases are going to have to show up in an ER to be of any benifit and FEB will be too late for the Q4 / YE 2023 ER. Too late for Q1 2024 too. Summer is going to be great for CJ.

GLTY and all