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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

Comment by Binkieon Apr 16, 2022 1:59pm
315 Views
Post# 34607665

RE:RE:RE:Looks like selling CJ was the right move

RE:RE:RE:Looks like selling CJ was the right moveI took a position yesterday. It's trading below fundamentals and with an announcement expected on shareholder reward next month, I think we should be in for a nice run from the announcement/Q1 report through the rest of the year, especially if oil prices hold in a range above $85, which seems probable. Lots of great options in this sector and it was a toss up between Spartan and Cardinal on which to buy. Had SDE earlier and like their story as well. Fly cardinal, fly!!
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