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) > Headwater Exploration Inc.

<< Previous

Bullboard Posts

Next >>

Comment by JohnnyDoeon Nov 30, 2022 6:20am

180 Views

Post# 35138835

RE:RE:Headwater Exploration Inc.

TheWokeLemming wrote: So is Cardinal the buyer or vice versa?

Hwx is the larger company by market cap. I don't really see CJ being bought or buying, certainly not buying a larger company like hwx. CJ is a small company, 20k production, doesn't have big footholds in the stronger developing plays. It doesn't offer much to a company like hwx. Additional cash flow maybe but all that cash flow would do is go towards the debt taken on to acquire

<< Previous

Bullboard Posts

Next >>

Rig Count Soars as Utilization Surpasses Industry Averages