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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

Comment by Quintessential1on May 06, 2024 2:26pm
188 Views
Post# 36025441

RE:RE:RE:RE:Just got in today. Only 10k shares but a start.

RE:RE:RE:RE:Just got in today. Only 10k shares but a start. Well I agree that CJ's share price is probably going to be a little range bound and cycle up and down with commodity prices I think the future is secure and the dividend is safe Potts.

Oil has stalled a little but don't forget that oil is coming out of its shoulder season with summer driving season approaching fast. Besides they are still making enough to pay the div and cap-ex at these oil price levels and the US dollar is high and the spread has narrowed and SAGD de-risks more and more every day.  

GLTY and all 



Pottsy wrote: I'm amused at the amount of positive discussions here. However not the reality. There is a huge gap between the bank pundits and the investors. Plus things have calmed down  a bit in the world, so oil has stalled.  GLTA


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