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Cardinal Energy Ltd (Alberta) CRLFF


Primary Symbol: T.CJ

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.


TSX:CJ - Post by User

Post by Readytojumpon May 02, 2024 9:08am
208 Views
Post# 36019138

Upside $$ from here moving forward

Upside $$ from here moving forward According to the TD Morningstar Quant Report the FMV for CJ is $8.63 this morning.
With a $10.43% dividend yield, its not hard at all to sit back and watch this stock slowly move to higher values !!
Quietly sitting on the sidelines for close to a year now....enjoying the $$dividends$$ coming in every month !!
With the TMX FINALLY in operation !!!!! Shouldn't be long before we reach a higher analyst suggested SP.. 
CHEERS .....to the long awaited completion and start-up of the TMX !!!!!
with TRUDEAU LIB/NDP in controll I had my doughts.
GLTA !!!!


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