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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

Post by forecast123on Aug 28, 2019 9:06am
87 Views
Post# 30073924

it is like bloodshed with Can energy stock

it is like bloodshed with Can energy stockJust hard to bear...Despite  WTI rose yesterday, most of Can energy stock SP were tumbling...Today it appears WTI will rise from what the future indicate, it is just unbearable if Can energy stock is falling again...  Can energy stock SP has divorced horribly from WTI price...Seeing this bloodshed scenario is hard to bear ! Who has that perseverance to see their portfolio tumbling like that !!!   What things can happen to bring back CJ SP back to at least 3$ ? With the assets and healthy fiscal of CJ, it is just crazy that its SP is hopping around 2.1 to 2.2 C$.which imply ~ 8.2% dividend !!!  I wonder whether Nuttall has sold the MEG and BTE in his fund with crumbling SPs and no dividend.
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