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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil 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. Its Midale operating area of over 730 million barrels of original oil in place (OOIP) and its low decline in production of 3,200 barrels of oil equivalent per day (boe/d) (net) is supported by both waterflood and CO2 enhanced oil recovery. 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 OOIP pools. Its North area includes Grande Prairie, Clearwater and other properties.


TSX:CJ - Post by User

Post by kylerollwagenon Sep 15, 2015 8:49am
201 Views
Post# 24104233

WOW - GREAT DEAL

WOW - GREAT DEALincreases cashflow /share by 25% in 2016 so stock should go up by 25% but we all know the crooks wont let it. now we know why this fell from 11 to 8.6 in last 7 days to allow those financing this amazing acquisition to be able to buy in cheap at $8.3 as they know this is a steal. They got very good light oil assets for $50k/barrel !! also, they can pay dividend even with oil at $45!! So you get 10% yield here while you wait for oil to recover - time to load up!
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