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) > $63 Oil And Yet We Slide Lower

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Comment by riskion Apr 16, 2021 11:10am

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Post# 33010850

RE:$63 Oil And Yet We Slide Lower

The meteoric rise of WTI had the market pricing oil stocks for $75 WTI assuming the impressive trajectory was going to continue. This is just a correction to the realities of the current price of oil which the market seems to be predicting will be rangebound or slightly lower for the coming months.

WTI needs to push well above $65 for CJ to get some traction again.

bonjovi501 wrote: no love for oil stocks time and time again. One day it would be nice to see oil stocks climb each day for a month. Enough of this cr@p.....

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