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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 Nov 08, 2022 5:59pm
267 Views
Post# 35083672

RE:Confused & Wonder

RE:Confused & WonderThe future is SOLID, GREAT 3rd. QRT. FUND mgrs.  will soon be revising their TARGET PRICE to 12.50 in the new year. ALL the metrics are VERY positive, with more to come, i.e. dividend increase, buybacks, debt. reduced. etc.,. The price of oil  will probably remain under 100.00 $$ , however, CJ is VERY prosperous at 80.00 $$ oil. Its a GEM. LOAD UP THE TRUCK
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