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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
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Comment by pppon Jul 10, 2018 2:41pm
112 Views
Post# 28294828

RE:RE:RE:RE:RE:RE:RE:RE:CJ's Edmonton mixed sweet at C$87 and WCS at C$69

RE:RE:RE:RE:RE:RE:RE:RE:CJ's Edmonton mixed sweet at C$87 and WCS at C$69You will learn a Lesson just like you did at MEI. End of story. 

And I am going on the record and saying RRX and the BTE combo. will out perform CJ.
SPE was a good company thats why VET bought it. 

CJ is a good company and  if it wasn't going to have to pay 60 mil to cover their hedge book I would buy more. But that is going to be a head wind over the next 6 months. 

The WCS hedges that you talk about, hedged the spread. yes they are gone. However the puts and calls are all still there. That is the problem. You can pound the table saying they have less hedges big deal the ones that rolled off made them money the ones left over are big time losers at these oil prices. 

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities