Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil 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. Its Midale operating area of over 730 million barrels of original oil in place (OOIP) and its low decline in production of 3,200 barrels of oil equivalent per day (boe/d) (net) is supported by both waterflood and CO2 enhanced oil recovery. 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 OOIP pools. Its North area includes Grande Prairie, Clearwater and other properties.

TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta)

Bullboard Posts

Comment by counterintuitive247on Aug 11, 2017 1:09pm

175 Views

Post# 26571710

RE:RE:finally CJ behaves properly

divi was set at $29. wont change till 2018. majority of shareholders want the divi and therefore till that changes CJ will pay a divi instead of drilling because of their corp decline only being 12% now!

Q3 will be what the market needs to see the aquistion working in the balance sheet. The bottom was yesterday, if i had to guess. Natty maybe you should buy some and enjoy the ride

Bullboard Posts

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