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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 TheWokeLemmingon Aug 13, 2022 11:36am
293 Views
Post# 34893952

RE:RE:RE:RE:wonder what Eric Nuttal will have to say about oil and gas

RE:RE:RE:RE:wonder what Eric Nuttal will have to say about oil and gas

Lol.   Nuttall's cheerleading groupies sure get defensive, despite his history of buy/sell/buy/sell.   Hey how does CJ go from a forecast of $11.70 to $14 in 2 months without any catalyst.   He's making it up as he goes along so put down your pom poms sweetie.


JohnnyDoe wrote:

TheWokeLemming wrote: He just threw WCP investors under the bus with "recently sold".   It'll be interesting to see how his pumps go today.  People are figuring him out.  My opinion only. 

how exactly did he throw them under the bus? Basically what he said was that he expected increased shareholder returns, they took on a ton of debt for their acquisition and kicked shareholder returns down the road. How is that throwing anyone under the bus? I did the same btw. Wcp changed the game with that acquisition and I sold my position in that stock, which was well into a 6 figure position.
you've commented on cj mgmt. What CJ mgmt is doing is working the percentages on buy backs versus dividends, not changing the equation or timing of returns. That's profoundly different than taking on the debt that wcp took. This is not my opinion only, it's factually correct


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