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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 uogradon Sep 01, 2023 4:09pm
635 Views
Post# 35616733

sold today but will likely be back

sold today but will likely be backthis stock can be a cash cow if you don't get too greedy on either end buying or selling

not convinced that 85 oil is here to stay so a nice little run over the last few days after the ex dividend of over 10% and i will move to the sidelines for a while with a tidy little sum in my pocket

if it blows through 8 bucks all power to the longs but history has showed in the past this stock rises and falls pretty consistently


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