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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 Coolsonon Aug 22, 2022 11:44am
197 Views
Post# 34911497

RE:RE:RE:RE:Cj financial position.

RE:RE:RE:RE:Cj financial position.
I could not agree with you more. If you promise impossible people expect impossible and if you do not deliver ...well it is all reflected in the fair value of the share price. I would assume that they have something extra to disclose such as asset sale etc and that is why thay have promissed this. They knew the price was dropping and still promise too much. Also, people expect that the debt will be pay down to 50m... by now they have the money so where is the report about debt decrease? The whole 2q report was a little bit too juicy in my opinion and made this way to let some big sharks go with a good profit...

Good luck to all..
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