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

Comment by AvInvestoron Jan 10, 2018 5:46pm

299 Views

Post# 27328418

RE:RE:why CJ SP fall when WTI price rise ?

They're a lot of misconceptions going around concerning who has exposure to WCS discounts. The WCS is the exchange correlated to oil sands producers, such as CVE for example. Though CJ does have medium/heavy oil exposure, which trades on a seperate exchange, they're also exposed to light sweet oil coming from their recent asset purchase from apache.

Please refer to Canada light sweet oil which trades at a smaller discount.