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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

Post by Dadsaid2on Nov 09, 2022 9:11am
197 Views
Post# 35084801

Confused & Wonder #2

Confused & Wonder #2Wow thanks for all the great feedback. I didnt know l would create that much road dust! Anyway l feel better now and when you think about it the debt is pretty minor compared to other companies out there as one poster pointed out on BTE. I own WCP which has large debt too. I just hope CJ just cleans up the working cap deficiency verbage and just come clean. Getting to zero debt is not necessary but reducing it is. Its actually healthy for a company to have some debt on their balance sheet but thats another story line. Love the div and GLTA.
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