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) > Bought out !

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Post by MohelJFoxon Jul 28, 2022 8:59pm

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Post# 34858820

Bought out !

Reporting stellar results, and factfully admitting that today we are mathematically under the 50 million debt threshold without making a change in buy backs, dividends or acquisitions?

Status quo ?
B.S. !

I smell a buyout real soon (SeeinQue).

So if this sucker drops tomorrow because Greedy Greta wants an extra dividend penny, or shorter Rustic can't find another failing stock in 999'000 other choices, she's going to payoff once the takeover company anounce their results.

Am I out to lunch seeNqQueing this ?

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