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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 forecast123on Jun 09, 2017 8:55pm
204 Views
Post# 26347862

CJ, ECA vs BTE

CJ, ECA vs BTECJ, ECA and BTE are all in abnormally low SP and can easily lead to 50%+ gain if WTI rises to 55 US$... CJ and ECA have better balance sheet, so are better investments than BTE IMO.... Instead of praying for CJ to fall back to its low of 4.77$, one can alternatively consider stocking up ECA when it is near 12$... Despite ECA doesn't have as high dividend as CJ, but ECA's upside potential is just as promising as CJ.
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