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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

Comment by JohnBP1on Mar 08, 2020 9:46am
84 Views
Post# 30780275

RE:Suspense...

RE:Suspense...UTR, my opinion is that we are going to go down further, and any recovery will be slow and painfull. The decision is to hold or sell. I just cant see the situation improving, oil demand has gone down and will show for a long time. The virus is spreading, Russia has a plan and it does not involve OPEC. If Russia suddenly says it will comply with the 1.5 M drop then they have manipilated the stock market on purpose. I have a pal in BP's HO in London, countries are buying oil at these prices and filling their tanks, so redused future demand...   its a mess..   as I have said before my fear is the CJ crashing the next quarter. Divi may be at risk per VET......    roll of the dice...  
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