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)

Bullboard Posts

Comment by riddle5on May 05, 2017 10:44am

123 Views

Post# 26208394

RE:Comment in MD&A - A hint towards M&A ?

I hope they are not planning to dilute shareholder value near term with any M&A. I am happy to be bought out, but not ready to dilute share value- the current SP doesn't warrant any big shopping by via any bought deals.

Raising debt maybe the better option but in this unstable oil market, rising interest rates- not sure, even if that would be a good idea. Just keep it steady as she goes.

GLTA

Cheers

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