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) > A pump from Nuttall

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Comment by dukdukdukon Jun 03, 2022 1:42pm

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Post# 34730172

RE:RE:RE:A pump from Nuttall

cre8value4me, this is only for your amusement, but, re: him being an expert in his field

Behold, October 7, 2016 - the Cardinal price was gyrating between 8 and 10 per share back then:

https://www.bnnbloomberg.ca/eric-nuttall-s-top-picks-october-7-2016-1.581486

To wit:

Top Picks

Cardinal Energy (CJ.TO)
Cardinal energy offers investors who are bullish on oil the offensive characteristics of high revenue leverage to a rising oil price as well as imminent drilling catalysts, while also offering the defensive characteristics of low financial leverage (D/CF < 1X), a low decline rate, highly attractive capital efficiencies and a conservative management team. We believe fair value one year out surpasses $15.00 per share.

End result a year later: LOL (aka 1/2 of the 2016 value)