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 Jul 12, 2018 9:29am

170 Views

Post# 28305051

RE:RE:RE:RE:RE:Question

SGY has outperformed CJ for about 15% since about a year ago. During that period SGY bought an oil asset from SPE, BNE bought one from ERF and CJ bought one from Conoco I think. It's all different story now. Insiders keep buy ink ng SGY recently and they print tons of money and will increase dividend sooner. I simply hate CJ's hedging but will buy into dip for my incom play.

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Visionstate set to leverage success in the U.S. market