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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 cre8value4meon Jul 28, 2022 8:42pm
219 Views
Post# 34858782

RE:What's Realistic?

RE:What's Realistic?Well back in 2014 I believe the all time peak was around $20 which was ther IPO year if I recall I have not looked into in depth but I don't believe there was anymore production for the company at that time so inflation adjusted share price tells me that $15 is not a stretch you have to take into consideration these O&G stocks peak and then fall we have along road ahead.... stay long who knows where this can go. One thing is certain is we are just at the syart of the cycle so fasten your seatbelt and hang on.



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