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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

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

Comment by bdepardeon Oct 29, 2018 10:46pm
96 Views
Post# 28891994

RE:RE:Bumps n Bruises

RE:RE:Bumps n BruisesMarket is pricing us gdp growth of 2% in 2019. Interest rate hike in December is no longer a sure thing. Market will be volatile until fed decides to hold off on rate hikes. Bond market is pricing in 3 more rate hikes. It’s defiantly a buying opportunity but market still is uncertain due to midterm elections.


JohnBP1 wrote: Guys, some are in heavy, some light, some out, what we need to figure out is there a rebound on the horizon. What I mean is with the Trump thing coming up soon and all the geo things going on what is going to happen to crude oil...  just opinions..  we closed at $3.88 today...  may get worse may not but my conclusion is that if you wait it is going to go down more for now I think we are entering a 2008 situation, rebound unknown....  opinions please...  J


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