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) > Anyone who is selling

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Comment by DaveInvestor59on Jul 15, 2021 1:45pm

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Post# 33553018

RE:RE:RE:RE:RE:RE:RE:Anyone who is selling

It's very hard to say where energy stock prices are heading this summer, but most analysts I've seen lately on BNN are still bullish on WTI and energy stock prices in the foreseeable future. It's hard to tell though, because I've noticed that when WTI is down a bit the market overreacts and some energy stocks go down a lot. It can be a very volatile sector, and I wish institutional investors would get back into the energy sector. It would stabilize the stock prices, as well as bring them up to where they really should be at $70.00 WTI.

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