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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 MohelJFoxon Sep 16, 2022 10:20am
231 Views
Post# 34966739

RE:RE:Eric Nuttall on Market Call today

RE:RE:Eric Nuttall on Market Call todayI think it's funny that he strongly says he wants companies to "return money to shareholders" and "don't you dare increase production through acquisitions".

Then he has to get on national tv and explain why he dropped Gear energy, Cardinal, Ath a few times, and more. Still with pie dripping down his face, pump Cpg,Wcp,and now Tve who have completely done the opposite.

It will be an interesting day on BNN I wonder if he changes his tune or goes full we-todd and sells anything that broke his code of ethics.

Its a no brainer that he will say Delta stream was a good purchase, at least asset wise. However it's exactly what he said he didn't want a company to do, by diluting shares and going deeper into debt. I don't care if the return takes record time to pay back----they are further in debt, when others are going the opposite way.


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