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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 Moremoney4uon Aug 12, 2022 9:07am
92 Views
Post# 34890910

RE:RE:RE:Terrible day to be a Cardinal shareholder.

RE:RE:RE:Terrible day to be a Cardinal shareholder. PATIENCE, now would be the time to reload on this stock. They have great earnings, FCF, debt. reduction, Lots of land,  blah, blah, blah. You get it. Target is in the 13.00 range$$$$. OIL price will get back into the 100.00 range, this is what goldman and other LARGE money mgrs. are suggesting. CJ might even be a takeover candidate, OR acquire other accretive oil companies. THE overall picture is VERY promising. MGMT. might be buying back shares, thus price drop ??????   ERIC today might be mentioning CJ , I am sure he still holds this.  LOAD UP THE TRUCK. 13.00 $$$$$ range. 
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