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.

TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta)

Bullboard Posts

Post by largeinveston Sep 29, 2017 1:24pm

239 Views

Post# 26759651

CJ will come roaring back

Americans waiting for NAFTA negotiations to conclude to see what if any the hit will be on CND energy. Once that is done, and CJ sells the royalty interest to slash debt in half I expect it to pop well over $6. Right now we have a 2018 WTI strip price of $52. Which means for 2018 to hold production flat CJ will have $30 million in free cash flow. Dividend is SAFE! Oh and some more good news? Truedough is losing in the polls! Conservatives leading 39% to his 35%.

Bullboard Posts

@ the Bell: TSX advances to start off Christmas trading week