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.

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Cardinal Energy Ltd (Alberta) > Why anyone invests in Canadian pipeline stocks

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Comment by Carlo2021on Oct 10, 2022 10:42am

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Post# 35015631

RE:RE:RE:RE:RE:RE:RE:RE:Why anyone invests in Canadian pipeline stocks

thanks for your reply Kadiddel! I have tended to stay away from the smaller O&G companies, looking for yield as I am retired. The issue for me will be my impatience when I see a large cap gain. Would prefer that the O&G companies use cash flow to pay dividends and not NCIBs.

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