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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

Post by Dali81on Sep 26, 2022 1:57pm
204 Views
Post# 34987087

Hard times for the market

Hard times for the marketThese are hard times for the market but CJ is in good position. Yes, the oil prices are going down but they will go up again. OPEC ia strugling to deliver what promised, the whole industry is underinvested. CJ will reduce its debt level to 0 very soon. The management proved its qualities during past 2 years and I'm quiet confident it will get us through following years too. The share price will most likely go down further but in long run, we will make profits! So heads up, ignore bashers...
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