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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) > 2.15 has been hit...
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Comment by minime123on Mar 17, 2021 12:02pm
100 Views
Post# 32816680

RE:RE:RE:RE:RE:RE:RE:RE:RE:2.15 has been hit...

RE:RE:RE:RE:RE:RE:RE:RE:RE:2.15 has been hit...-CNQ Billionnaire with us!
-CJ cleaning up
-Debt going down
-Profits coming back
-Saudis says that the oil confort zone is between 70 to 85 dollard price.
-Biden's green plan will need to have huge upside price on WTI in order to have US citizen freely accept to buy EVs as replacement for gaz cars.  so i see him pushing the price way higher than 85 bucks.
- At 70 WTI, CJ will be debt free very soon, either divis back sooner than later or CJ will aquire or be aquired.  We had an earning of 1.04 dollard/share (diluted) in Q4..... Done at 45$$$?????


GEE FUTURE?:  I see CJ at 10 bucks a share coming our way sooner than later.
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