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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
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(81)
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Comment by OOU812on Aug 14, 2019 9:23pm
86 Views
Post# 30029815

RE:RE:RE:RE:RE:RE:RE:RE:RE:Guess I was wrong

RE:RE:RE:RE:RE:RE:RE:RE:RE:Guess I was wrong
  • Diamondback Energy Inc. pledged to buy back $2 billion in stock and sell some fields.
  • Marathon Oil Corp. more than doubled its share buyback program to $1.5 billion
  • WPX Energy Inc. said it will repurchase up to $400 million of its stock over two years while maintaining its capital spending plan for 2019.

Canadian companies are trading for next to nothing and yet it's the
American ones who are buying back all the shares???
Obviously there's way too much marijuana going around in Calgary.

https://www.bloomberg.com/news/articles/2019-08-13/wall-street-s-most-loved-stocks-just-can-t-shake-investor-fears
 
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