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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 pmdanti2on May 28, 2022 7:24am
297 Views
Post# 34714103

divestment scare mongering cranking it up

divestment scare mongering cranking it up
It is interesting to note that as oil is zooming. the divestment people are going at it hard to play the fear card with oil investments being a risky long term play.  I have seen two seperate articles with one a report out of a New England university and another different take in nature magazine.  Oil bad and risky investment is the message.   The progressives only have themselves to blame by attacking oil infrastructure they reduce supply which causes prices to rise.  This is just basic economic supply and demand, how did the progressives think this would not happen.  Higher oil prices mean greater profits and greater dividends.  Good one.  That this many intelligent people could be so stupid is beyond comprehension.  But good for me. 
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