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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 upupandaway7on Nov 05, 2021 10:30am
152 Views
Post# 34091677

RE:RE:Low volume

RE:RE:Low volume
DaveInvestor59 wrote: Why should investors wait a year when other energy companies are offering dividends now. Some of us need the dividends to live on, and that's why we buy these stocks. If we stuck it out with these companies during the lean times then we deserve to be rewarded now that it has turned around. Energy companies know that. If they don't offer a dividend now then they deserve to be penalized by investors in my opinion.


couldn't agree more with your statement, in 6 months if oil slips or volume comes online where prices drop opportunity lost to collect dividends as management will go back into survival mode. Good time to day trade the fear though.
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