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 Naka2112on Feb 14, 2018 8:12am

133 Views

Post# 27556031

RE:RE:WCS differential decreased $2.19 today ($12 improved lately)

All I was saying is that wcs had improved by $12 in the last week, which it has.

Nothing misleading about that. Cj has been hammered lately because of the wcs being so low. Well that has improved by $12 in the last week, so that’s good for cj. The high wti is also good for their light oil.

Also, you’ll note that in feb 2017, when wcs was a bit higher, but wti a lot lower than it is now, cj was trading much higher than it is now.

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