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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 uogradon Mar 29, 2021 4:18pm
325 Views
Post# 32900201

feels like a pp to me

feels like a pp to mewe all concur that something is up.  buyout of or buyout of something else both possible but feels more like we might see a pp in the 2.50 range or thereabouts.

i was just looking at surge chart.  surge and cardinal were at roughly the same price last year both with banking issues.  Fortunately for cardinal, uncle murray waived his majic wand here and not at surge.
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