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) > Steady As She Goes.

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Comment by GoldenArm1on May 10, 2024 9:38am

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Post# 36033260

RE:Steady As She Goes.

Mostly a nothing new report. Something missed by most was that debt has gone up. The company wanted to eliminate debt a year ago and now are adding on. Other than that it is all positive to flat news. If oil trends up over $80 to $90 then we can see all their efforts will lead to higher earnings and incresed dividends.It's down at the open and I'm ready to buy on the dips. The future looks great.

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