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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 baranjaon Feb 03, 2021 4:23pm
153 Views
Post# 32461783

RE:well this is starting to get interesting

RE:well this is starting to get interestingKeep in mind that CJ have to go over $2.3 just to go back to prior this massive takedown in Feb.  last year, while majority of companies already passed that mark. CJ has to double just follow other stocks. This was one horror show, but opportunity of lifetime for new folks. I remember when CJ was $16 +. It this ever to back to that number, somebody will make s**tload of pesos here.

uograd wrote: a long ways from 3 bucks but looks like there is at least a pulse.

would be interesting to have a beer with the president and find out exactly how big of a pr ick national bank was to them last year.

sure no drilling, but don't kid yourself, reactavation of old wells and a few acid squeezes here and there are a very efficient way to increase production at a low cost.  service companies are on their knees so you can push them around very easily especially post breakup this summer.

just might get my money back here.


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