Connect the dots.. CJ/CRCrew has been drilling much more than they've told the street, which begs the question, where did the capital come from for the extra drilling?
Cardinal Energy are an AB/Sask Oil company (I used to hold shares), mature assets and low declines. They're actually C02 neutral at the corporate level as they sequester. Crew's heavy oil lands and production would likely be accretive to Cardinal at the right price ($20-40M).
John Brussa is on both boards, bought Crew & CJ shares around the same time a few months back..
So is the answer to the above question that CJ has bought Crew's Lloyd heavy oil assets or are there more dots yet to be connected?