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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 caretired1on May 19, 2022 11:50am
160 Views
Post# 34695532

RE:Call Options?

RE:Call Options?I personally prefer paying less time premium. I like the august 7's. It's past the next reporting date so you should get lift off the news if oil stays high. And against current share price, the time premium is about $.60 so for me it's a better deal and you get similar leverage - not quite as much as you spend $2.60 ish per contract vs $2 but still good.  I used the May 20 $6's this past report and it was low premium and worked out as a good trade. They have similarly low open interest so maybe 20-40 contracts is about what I would consider. Not a big volume
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