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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 uogradon Jan 06, 2020 7:11pm
213 Views
Post# 30524035

rumour of the day part 2

rumour of the day part 2So I already commented that mcharty and the boys are on the hunt with Return Energy but not so sure how full their pockets are.

The other story that was going around calgary in november was that repsol was going to take out cresent point.  You have to remember that back in the day crescent bought all talisman properies in SE sask way back when so there is some history there

Anyways the story was that repsol would run a line to churchill and send the oil to europe to feed their refineries.  So far that has not happened.  Crescent point is a big operation compared to cardinal so today's rumour is cardinal might be a target a litte easier for repsol to bite off.

If nothing else rumours sure beat talking the snow and the cold.  As always take with a flake of snow but something was sure moving this today.
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