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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 Cardboard1on Aug 28, 2019 9:20am
91 Views
Post# 30073996

Al Monaco should be fired

Al Monaco should be firedEnbridge is a disaster.

1- They made an acquisition in the States that was so large that it almost put the company under.
2- Line 3 has been delayed by well over a year because they didn't do a careful job by crossing all the T's in this era of extra scrutiny for the environment.
3- Line 5 is at risk of competely shutting down because they are taking 5 years to build a tunnel under the Strait of Mackinac to house the new line and avoid spills into the Great Lakes.
4- If that wasn't enough, now they are going against most O&G producers or their clients in Canada by changing Mainline contract procedures:

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aENB-2802418&symbol=ENB&region=C

If you are looking for a culprit for the mess that is Canadian energy right now, then these guys bear a lot of responsibility IMO.

Cardboard


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