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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

Comment by Bennys65on Mar 21, 2018 9:20am
130 Views
Post# 27752083

RE:Lets see!

RE:Lets see!I sold cj based on the fact they had no visible drilling growth plan.This is a good company meaning I like management.They srewed up and Shane paid the price.That is in the stock price..2018 outlook no mention of a drilling program because they dont have one yet.At some point they will.Maybe they they need to buy somthing with some meat left on the bones.Give me some clarity and visability as to how we grow and I am back.in.Too much else to choose from to accept treading water
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