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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 DowopDowopon Mar 09, 2022 4:19pm
355 Views
Post# 34500845

RE:RE:What's with this Gift?

RE:RE:What's with this Gift?Good buy i would say for you both.  I've been in this name since before covid and averaged down large a year and half ago and already sitting on 70k shares or i would have joined you.  Biggest question I have is that by the time they announce results Monday they should have a really good line of sight on exactly when they will hit Phase 1 dept level.( My math says Mid April).  So.....Will they annouce the upcoming Divi and date Monday or not ?  If they don't, we may see another short term pull back. But if they do, we zoom back to $8.50+ ish pretty quick ( or higher). I think they will go with a conservative .07 cents as published for $90 oil with all the volitilty that is still posiible. which I'm fine with me as they should hit phase 2 by end of August with $100 oil while paying that Divi. Not to mention dept free by year end. Dare to dream.  
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