Cardinal Energy Ltd (Alberta) CRLFF

Primary Symbol: T.CJ

Energy Oil & Gas E&P

Cardinal Energy Ltd. is an oil and gas company with operations focused on low decline oil in Western Canada. It is engaged in the acquisition, exploration and production of petroleum 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. It has over 730 million original oils in place (OOIP) and its low decline production of approximately 3,200 barrels of oil equivalent per day (boe/d) is supported by both water and carbon dioxide (CO2) enhanced oil recovery (EOR). 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 original oil in place (OOIP) pools. Its North area includes Grande Prairie, Clearwater, House Mountain, Mica, and Mitsue properties.

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Cardinal Energy Ltd (Alberta) > Budget 2024

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Comment by Khersonon Apr 18, 2024 3:20pm

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Post# 35996585

RE:RE:RE:RE:RE:RE:RE:Budget 2024

UltraTired wrote: Maybe both?!.....lol

But a 2/3 capital gains tax now instead of 1/2 has got have them re-evaluating their plans as a business.

But I'm always open to hearing other views on that matter.

A Capital Gain would only be triggered if CJ sold an asset at a profit and since CJ has large tax pools, I personally think that capital gains are a non-issue.
Kherson

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