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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 steve957on Jul 28, 2022 10:25pm
288 Views
Post# 34858956

look like CJ making all the right moves

look like CJ making all the right moves man this should soar tomorrow !!!! when the debt is paid all that extra cash will go right to the shareholder !! i believe oil prices will stay elevated for years to come after biden retires  lol !!!! the damage is already done,,,the SPR is at the lowest levels since the 1980s,, it will be hard to fill the SPR back up, especially  wile keeping up with the demanand for oil in north america, and now add Europe need for oil to.,,,how can you produce this much oil when you can not produce enough oil to keep prices low in your own country ? 
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