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.

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Cardinal Energy Ltd (Alberta)

Bullboard Posts

Comment by AvInvestoron Mar 21, 2018 11:19am

144 Views

Post# 27753399

RE:RE:Next catalyst?

And how much of that is actually guaranteed to materialize? For the sector, yes.. the macro factors you mention are favourable, but how will CJ outperform? The royalty sale is still ongoing but still challenged. Once complete, news of debt reduction may not be enough to compete for investor’s money. A small incremental share buy back program would be needed!

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