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

Comment by largeinveston Dec 17, 2018 2:14pm

98 Views

Post# 29125050

RE:RE:RE:New calculations

yeah but it doesn't matter that production is already shut in and might never come back on, you still have a base at whatever he wants to average at the for year that will decline 10%. 20,500 for the year declining 10% still gotta replace that. Is $25k per flowing reasonable. ? Right now CJ is trading at a valuation of $24k per flowing...so you can actually buy back your stock cheaper then can u can drill.

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