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) > Oil prices are up, US $ is up, hummm

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Comment by GoldenArm1on Apr 16, 2024 3:08pm

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Post# 35992129

RE:RE:RE:RE:Oil prices are up, US $ is up, hummm

Gold is a different beast than oil. Gold is in big demand from China. They are paying over spot to get as much as they can. No one in the know and/or free of non-recourse loans is selling to the East. You want a good gold stock, get into TRX on the Amex. They are doubling production and their cost of producing is right now at $900/oz making them a cheap producer.

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