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 d_trumpon Jun 01, 2017 8:28pm

165 Views

Post# 26314313

RE:Is there any chance of opening in the green tomorrow???

OdisiusMaximus wrote: Do we have a chance of a higher close tomorrow or are we heading back down to 5.50's ?

Need a bounce in oil prices, once again we got a head scratching sell off after getting very bullish data, so WTI could easily bounce and if the market likes this deal and its way over-subscribed we could see 6 easily. But if crude tanks we could see low 5.

Bullboard Posts

Rig Count Soars as Utilization Surpasses Industry Averages