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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 Quintessential1on Oct 03, 2023 12:39pm
163 Views
Post# 35667136

RE:Bnn mccrea comments

RE:Bnn mccrea commentsDo you have a link so the rest of us can be on the same page?

Last I read he was positive on CJ with an $8.50 target price.

Back to GXE:  Is 25% of CJ's market cap worth a 25% increase in CJ's production? 

Thats about how the numbers shake out give or take.

GLTY and all 




egee wrote: Just came across his comments on Cj (included baytex,petras).   Murray Edwards might give this guy a lesson , he should.


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