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.

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Cardinal Energy Ltd (Alberta) > WOW

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Comment by kavern23on Mar 18, 2021 12:06pm

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Post# 32826200

RE:WOW

Considering the carnage on the oil price....very happy how the day is going so far...

Was hoping to get some under 2.10 but never fell to that range. Added abit under 2.15.
Saving some archers though.

USA shale is still supposed to drop overal 46,000 barrels in April. Permain is gaining 11,000 but rest of the shale basins are droppin like rocks

I suspect Canada's convential production will be lucky not to drop in Q2.

Easy to understand what little drilling means...eventually production drops.