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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 Moremoney4uon Sep 25, 2022 3:54pm
189 Views
Post# 34985274

RE:At this rate when oil

RE:At this rate when oilHAHAHA, NOT LIKELY. Oil will  NOT HIT....   50.00 bucks. The economies are still very strong. Oil demand is strong, and will only get better in about 6 months, CHINA opening up, lack of supply, infrastructure not capable of producing more oil, THE WAR, SUPPLY TO BE REDUCED, blah, blah, you get it. THE FEDS will reduce the rates, US DOLLAR will be lower, and the price will RISE BACK into the 100.00 range. CJ WILL reduce their debt. and continue to PAY THE DIVIDEND, ALL oil companies are still making tons of money, they get paid in US DOLLARS. OIL IS DOWN 12 % from 100.00 bucks   ,  US DOLLAR IS UP 25 % do the math. CJ is in a very lucrative area, the get their return back in 6 months, nice. SO, SO, if anything buy on dips, this scenario will not last , there will be a SPIKE IN THE OIL PRICE, SOON. The big FUND MGRS. have still priced oil at 120..00, ERIC STILL FEELS the oil sector is the place ,  YES I KNOW THAT his area of interest. CJ will have two AMAZING QRTS, coming up.  
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