Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

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

Cardinal Energy Ltd (Alberta) > Cj my 2 cents

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Comment by JohnBP1on Feb 10, 2021 7:18am

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Post# 32522307

RE:RE:RE:RE:Cj my 2 cents

My 2 cents is that CJ is undervalued due to the general down on fossil fuels and the increase in EV solutions. However as the big guys excape to other opportunities other than oil the market will tighten. Also the solution to Covis is on its way world wide, this in itself will boost the need for oil. However again, the mid east can pump a lot more so they need to hold back...

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