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)

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Comment by Bluejaysoileron Apr 19, 2018 7:33pm

149 Views

Post# 27914590

RE:RE:RE:RE:RE:RE:BNE looks better than CJ

I debate if I have to add more BNEs or buy CJ instead as an income investor. I dont want to bet on one stock so I need some reasons to convice myself. I also hold CVE, MEG, PD, BNP and POU. (initially bought CVE then rotate it to the others when it hit $12 a month ago.) I added CJ today after selling half of the remaining CVEs since I didnt expect a good Q1 report on next Wednesday (pipeline/Ace issues and bad hedges for the first half of 2018). I will move back to CVE before the Q3 after all. But keep some of BNE and CJ for income plays. Thanks

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