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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 HillsboroughManon Mar 30, 2021 2:25am
422 Views
Post# 32904167

Underestimated

UnderestimatedI hear a lot of talk about take overs and dividends. Look, this thing has gone over no less than 6 waterfalls and scalloped out for a year. Carbon is toxic to institutions, funds, banks, ESG, and millenials. Covid beat it to a pulp and nobody in their right mind would invest in oil. This is the biggest contrarian space since the last uranium cycle. Who knows if we will go up another penny but there is a potential for an upside that will blow your minds, Oil isn't finished just yet and the coil was compressed way beyond past limits. Anything can happen from here. Sooner or later people will go out and rage again and that will take a lot of oil that nobody wants to spend the bucks or loan the bucks to drill out.
Good luck.
Staying for the ride.
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