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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

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

Comment by PeterWrighton Jan 12, 2020 2:22pm
90 Views
Post# 30544142

RE:RE:Last 5 years next 10 years oil and natgas discussion

RE:RE:Last 5 years next 10 years oil and natgas discussionIf shale companies hedged last week when oil was around $65, they will continue to increase production. There is so much oil being manipulated right now, it would be crazy how much oil would be available if OPEC lifted quotas, Iran sanctions were lifter etc. I think you need to be very selective of stocks you own. As other poster have mentioned companies like Pengrowth, Twin Butte, Lightstream, NBZ etc....high dividends, cut it too late and are no longer traded. 
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