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.

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Cardinal Energy Ltd (Alberta) > When EN threw CJ under the bus

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Comment by Moremoney4uon Jul 29, 2022 9:22am

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Post# 34859603

RE:RE:RE:RE:When EN threw CJ under the bus

ERIC still likes CJ, but feels better returns else were, so be it. CARDINAL, WILL be debt free by end of year, IT HAS to increase the DIVY. its bought back shares, has TONS of cash, a 20% increase has to be in the cards. MINIMUIM. Move the stock into the 10.00 $$$ range. This will happen, they are doing every thing else. MAYBE a takeover, great 50% premium. TODAY it breaks 8.00 easily. DIVIDEND coming , nice got to love it. load up the truck.

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