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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 7Twiggyon Aug 11, 2022 7:41pm
211 Views
Post# 34890087

RE:RE:Terrible day to be a Cardinal shareholder.

RE:RE:Terrible day to be a Cardinal shareholder. Good post bbwi, IMO this is a sold play and like you I follow a lot of energy plays.  Anyone who thinks this is a terrible play has got to give their head a share.  Suspect most negative posts come from those trying to get back in at a lower level.  Still think their is a lot of money to made here.  I sold a few but only to add gear and a cancer stock that I think will be a 2 to 10 bagger. Still hold a large position and am looking forward to the dividend and higher prices.  The energy shortage is not going away anytime soon.
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