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 tvstockon May 07, 2019 10:41pm

95 Views

Post# 29722825

RE:RE:RE:RE:My 2019 cash flow forecasts for SGY proved to be optimistic

US may continuously build inventory <<of ultra light oil / condensate >> becaues the refineries cannot utilitze it effectively.

And they NEED to input heavier grades.

*** When will the EIA provides a breakdown of API grades in inventory? ****

At some point this will become an explosive.

Also will appreciate your comment on CJ earnings. I see almost all metrics are better than last year same Q but stock price is approx only half . LOL.

All above are only my opinions.

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