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 mortgages101on May 17, 2019 9:15am

243 Views

Post# 29755166

RE:CJ: New Presentation (May 2019), Q2 better than Q1, the GRID

While I still hold a small position in Cardinal. I would not define it as a "Sleep at night Investment" If I would of kept my initial holding throughout the lows of $2-$3 I would be down close to 6-figures. I would not be sleeping well at night.

1yr ago it was $6

3yr ago it was $10

Currently trading @ $3.

I know most if not all of Canadian Oil & Gas have had similar returns. But again, none of them should be looked as a "Sleep at night Invement"

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