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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

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 ronzon Sep 26, 2021 8:51pm
278 Views
Post# 33921518

RE:RE:Limit the Hedges(Oil still climbing)

RE:RE:Limit the Hedges(Oil still climbing)I have been patiently waiting for the diviedend to come back. The company needs to do the right thing and reinstate the dividend. I know that some want to see debt paid down, but with the price of oil trending up, this will improve profits exponentially so we should be able to reward the share holders who supported this when oil went down. Since its been going out and continuing to trend up, they need to reward our patience. The share price will go up like crazy from it.
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