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 JohnBP1on Jan 19, 2020 4:17pm

171 Views

Post# 30571410

RE:Scotiabank Energy Targets

We all know that these forecasts are based on "normal events". This puts CJ at one of the lower growth juniors all going well.. not good news, who wants 30% after an 80% plus drop. I am surprised that BTE is forecast at such a high growth considering its debit load, someone must know more that we do.. Oil is a big risk we know that but forecasting this businessis not possible based on current events.... Karven need input.....

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