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) > Everyone talk about 1,80$ a share price.

<< Previous

Bullboard Posts

Next >>

Comment by traderlong2on Feb 15, 2021 8:06pm

205 Views

Post# 32570153

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

I started to Buy CJ last year this time at 2.80 a share
did lots of DD and felt they were well valued
feb 2020 pumping 19000 bpd apx
oil 55-58
debt
CL 260 million
50 million deb so 310 million debt
lots of abandoned wells on the books

by year end this year
CL 150 million or less
deb 16 mil so total debt 166 million
oil 55-60 pumping 18,000 bpd
very low decline rates
abandond wells reduced by 65-70 percent
we now have a billionaire backer in edwards

I believe 1.80 will look cheap very soon

<< Previous

Bullboard Posts

Next >>

How one company is disrupting PoC testing