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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 May 11, 2022 2:09pm
220 Views
Post# 34674795

RE:Dividend discussion

RE:Dividend discussionNot saying you are wrong to play it that way.  Perviously i was dropping in and out of this name sometimes a couple times a day in the TFSA while also trying to avoid trading to much and stay under CRA radar.   I want to play more golf this summer and not watch my screen so much.  Not to mention the capital gains payable on taxable shares. So for me ~5K/month divi Golf, beer and naps whenever i want, while postponing those taxes will keep me here awhile........ as long as it still make sense.    Now I will set some new Stops just in case, after all I'm not totally nuts..   Good luck to all !
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