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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 mlcb2525on Apr 20, 2020 10:11am
148 Views
Post# 30929347

RE:RE:RE:Oil down 14% as of Sun 10 pm

RE:RE:RE:Oil down 14% as of Sun 10 pmI think they can (although I may be slightly basis as I own 25,000 shares at an average cost of $1.20). I think the main threat to their existence is that the Feds do not come through or they cannot take advantage of the liquidity relief or the recovery of prices takes longer than what I am anticipating. I have mentally prepared myself for CJ going bust but I hope not. At least my uranium stocks have helped dampen the pain I am feeling with CJ.
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