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) > Why isn’t CJ tracking the price of oil?????

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Comment by JayBankson Sep 08, 2023 6:06pm

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Post# 35627022

RE:RE:Why isn’t CJ tracking the price of oil?????

I agree here,

Q3 should still feature lower capex, before the fall/year end bump in Q4...
Without surprises, I'm sure this jump up in oil will lead to one of the final chunks taken out of the bank debt.
But until the market sees it show up in the financials, we likely won't get that much credit for oil rising day to day...

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