Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

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

Cardinal Energy Ltd (Alberta) > TVE is diluting shareholders big time .

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Comment by MohelJFoxon Sep 12, 2022 11:14am

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Post# 34956629

RE:TVE is diluting shareholders big time .

So happy it isn't CJ even though I carry 40'000 shares of TVE.
I don't think they paid to much but I can't believe the backwards direction they are taking compared to their peers.

And then they dowse the fire with 3 Pennie's a year per share----whoah that's not going to be well received !

Their target is to get to under 500 million debt lol, imagine waking up to that headline here ?

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