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 emmitton Nov 08, 2019 3:32pm

165 Views

Post# 30329258

RE:CJ hurt by Kenney's announcement today

I coudn't disagree more with your comments. With higher oil prices forcasted next year and differentials will start going lower, not higher in the near future with incremental egress coming to Canada. 250,000Bll/d of new takeaway capacity with Enbridge and TC Energy by the end of the 1st quarter of 2020. IF you are basing investemnt decisions on your comments, I would rethink it.

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