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) > API Inventory:

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Comment by Smokey1958on Jul 27, 2024 6:52pm

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Post# 36151399

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:API Inventory:

Can't disagree more, Veritas! In spite of the issues the price of oil is circumspect at best. OIL is going nowhere regardless of the US election, EVs etc. Even with the longterm issues (impact) of Russia and Israel, the "Arab" interest can't be understated.

This notion that oil is somehow going to suddenly disappear just isn't going to happen. For that reason alone oil prices will rise and with that, small, saavy companies like CJ will prosper.

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Rig Count Soars as Utilization Surpasses Industry Averages