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) > CJ Expectations

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Comment by Sirlostaloton Sep 14, 2022 12:17pm

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Post# 34961936

RE:RE:CJ Expectations

I think there are degrees of transparency and accuracy in guidance among these Cnd oil companies , I just sold my last position in TVE this am and purchased more CJ . CJ is a paragon of of transparency and follow through compared to TVE which went from a promise of debt pay down and imminent shareholder returns to 1 billion plus in debt and possible shareholder returns q4 2023 , they did provide an updated Framework of possible shareholder returns , the third in 6 months. Be curious to see how Nuttall spins the TVE fiasco on Friday.

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