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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

Comment by Bennys65on Apr 01, 2017 5:00am
183 Views
Post# 26062099

RE:RE:Bought Back In

RE:RE:Bought Back InCant see being short cj at these levels.I was exspecting some juicy news from mitsue by now and there may be some market dissapointment around the fact that we have to frac wells which we thoiught would be supported by waterflood.This is a new play with complex geology and cj has just started.Like the fact that Eric held on to cj due to value while blowing out most of his other cdn oils in favour of higher us returns.I agree with Naka that we need some promontional info from cj on what is going on in the new plays.glta
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