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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

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.


TSX:CJ - Post by User

Comment by captwadeon Oct 26, 2021 2:31am
207 Views
Post# 34048261

RE:Interesting Rankings

RE:Interesting RankingsHard to argue against any of those picks.

I would be tempted to add one more in the "share potential" catagory and that would be In-Play Oil (IPO)  In a release on Aug. 11 the CEO stated that the company would earn more in each of quarters 3 and 4 than it did in the whole first half.  That would put earnings over $2.00 and the stock currently trades at $ 1.65.  Earnings will be out Nov. 15.  Also worth noting that since the comments of Aug.11 the company has made an accretive acquisition.

One might also include a small South East Saskatchewan player, Saturn oil (SOIL) Small but interesting.

Just a thought. I own IPO and have yet to pull the trigger on SOIL., though I probably will.

Good luck all..
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