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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 traderlong2on Feb 05, 2021 8:02am
347 Views
Post# 32481778

Smart Management

Smart Management
I said a year ago I was in this company because I thought the management was sharp
great move on the Debenture
about to remove another 28 million in long term debt add the 50 million off the CL this year
then I think we will see the divy returned to shareholders
The 26 percent insiders also want that divy
we could break 1.50 today imo
we will see
now going to save 4.4 mil interest on the deb
and oil at 56 is an extra 13 mil in cash from the latest presentation
well done
glta
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