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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 JohnBP1on Jul 07, 2020 8:39am
108 Views
Post# 31232650

What is the point of investing in oil

What is the point of investing in oilIf you look at the acceleration of EV's throught the world recently, plus countries committing to EV percentages (Norway and others), wind farms, giga factories popping up, BP moving to more green energy solutions, electric powered aircraft, and large trucks, airlines heading for bankrupcy every day.... on and on, then the stumbling blocks of the pipelines locked in court or being threatened by indiginous communities..  really what is the point, CJ will never recover, it has become a trading machine for many not a long term stock to hold. The senior management is holding out as long as they can because of the big $ they are paid, it would be better to cash in and buy Lotto 6/39 or MAX, you will have better odds of increasing your investement. OPEC has no plan just greed.. For those out there that talk to buddies about what stocks you hold, what is the response when you say I hold oil...  we need a real reckoning...
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