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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 w8asecon Jun 20, 2024 4:26pm
310 Views
Post# 36098769

RE:Been in o and g stocks for over 20 years

RE:Been in o and g stocks for over 20 yearsI couldn't resist adding today at these prices... bought ATH, CNQ, also, and you're correct with the head scratching... we will pop like a ripe pimple, or drop like rock very soon as this is a complete disconnect as you say.

GLTA


martman16 wrote: Once in a while you see these growing disconnects between the price of the commodity and the sector companies.  Some see it as a buying opp, as did I during Covid, but now I weary it's a sign of head winds.  Will hold this for divy, but make me head scratch.


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