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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 ronzon Jan 18, 2024 9:15pm
880 Views
Post# 35835111

This is a good investment for the price

This is a good investment for the priceThe stock is well held by insiders and wealthy investors. I definitly trust the smart money here and I'm very confident as this was a penny stock when I bought heavily so I am extremely comfortable while the company navigates through the wild oil markets we have encountered over the past few years. 
This is one of my all time favorites and will continue for many more years. Honestly I feel this will become a target of a takeover or a merger eventually, but even if it doesn't I am happy with this investment. 
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