Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

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.

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Cardinal Energy Ltd (Alberta)

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Post by cheval57on Feb 03, 2016 6:48pm

148 Views

Post# 24522090

Take over?

This company is doing very well indeed. It has a very good balance sheet. It is well organized and well managed. The decision to reduce the dividend and to reduce investments is a sound decision.
The stock price has went down drastically. from 15$ in June 2015 to a little more than 6$ now. The Canadian dollar is a real bargain for our neigbour.

Everything is there for a take over offer from a company who is buying in U.S dollar.

Will it happen?

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