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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 yggdrasillon Feb 15, 2021 7:55pm
169 Views
Post# 32570125

RE:Everyone talk about 1,80$ a share price.

RE:Everyone talk about 1,80$ a share price.

The assets of the company are worth $1.75 a share at $45-$50 oil I think. And at $60 a barrel + whatever high price for gas that is currently being paid, CJ should have no trouble at all bringing debt down to a safe level. The company's operations are carbon neutral (when not accounting for the fossil fuels it extracts), and it has one of the lowest decline rates in the field.

sylvain_007 wrote: Explain to me why, is the potential so high than we have to buy now. I know the future is good for oil and gas, and may be it's a good investment for all. I will look tomorrow.
c


 

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