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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 CashGreenGoldon Feb 11, 2019 10:34pm
72 Views
Post# 29350671

RE:RE:Slide 6 of Presentation...

RE:RE:Slide 6 of Presentation...LOL:

"with some months near end of year being in the $30's. That is my forecast in anticipation of Saudis reversing some of US-Shale's market share gains, ahead of their Aramco IPO in 2020/2021."

Yea that makes complete sense. Take oil down to 30 ahead of your $2 trillion IPO. Investor confidence in oil will be so strong they'll be 10x oversubscibed and lining up to buy more oil equity dumped on the market.

.....Do you hear yourself sometimes? 


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