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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF | T.CJ.WT | T.CJ.DB

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

Post by JDavis17on May 13, 2018 8:57pm
245 Views
Post# 28024613

US becoming a pariah nation

US becoming a pariah nationAs Trump attacks more and more of what used to be US allies, the US is quickly becoming a pariah nation.

This isn't going to end well, and the price of oil could spike dramatically, just before everything, and I mean everything, implodes.

But before that happens, there should be some serious cash to be made by investing heavily in the energy patch, especially the incredibly undervalued Canadian junior sector.

With their huge (and sustainable) dividend, CJ is simply a no-brainer at these levels. Sell, and you will watch everyone else make a lot of money.
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