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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 JohnnyDoeon Aug 12, 2022 7:08am
126 Views
Post# 34890684

RE:Terrible day to be a Cardinal shareholder.

RE:Terrible day to be a Cardinal shareholder.
Deckdude wrote: EOM. 

Do you understand what you've invested in? Do you understand the Cdn O&G market? It doesn't seem like it. All of these companies are in balance sheet repair mode and CJ is further ahead than most. It's paying you more or less an industry leading dividend to sit tight while they complete their balance sheet repair and they've committed to further shareholder returns while they finish the job.
you can sit tight and see where this is in a year or I suppose you can provide negative comments on down days. If you're looking for share price appreciation, there might be better plays for you. If you're looking for a generous dividend that is safe down to 55 wti then you've found it and daily price movements shouldn't bother you.
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