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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

Post by divime1on Sep 12, 2022 11:47am
230 Views
Post# 34956774

Nuttall on BNN

Nuttall on BNNHe's giving TVE a pass on the deal . Since he's now the second largest shareholder instead of the largest does he really have a choice ? Eric is losing credibility by the day .

He's been beating the drum on companies paying off debt , returning money to shareholders thru dividends and buybacks , having no hedges . TVE is paying a small dividend and doing the opposite of what he's been preaching on everything else .

CJ is paying off debt , pays one of the best dividends , buying back shares and has no hedges yet he sold his CJ shares because he wasn't happy with another 65 % gain .
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