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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

Energy Oil & Gas E&P
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

Cardinal Energy Ltd (Alberta) > CJ story
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Comment by divime1on Jul 25, 2022 12:38pm
221 Views
Post# 34848475

RE:RE:RE:RE:RE:CJ story

RE:RE:RE:RE:RE:CJ storyLuckyguy I could sell today and have a nice capital gain but the fat dividends would end . I could buy another oil stock but which one has more upside than Cardinal . Also at it's current price Cardinals yield is 7.7 % . There isn't another oil stock that is even close to that yield .

Also it has along way to go to get to it's all time high. At $ 21 it was deep in depth as compared to today when by year end it should be dept free .

https://www.stockwatch.com/Chart/Advanced/C/CJ/10
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