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) > 2024 budget and SAGD impact

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Comment by JohnnyDoeon Nov 07, 2023 6:29am

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Post# 35720832

RE:RE:RE:2024 budget and SAGD impact

RockLobster1 wrote: I am looking to start a position... Does anyone see any impact short term from this report?

Are there other companies similar to this one I should be considering? Looking for somewhat safe income stocks with some growth potential.

Are the dividends in Canada taxed as return of capital or Canadian dividends with the credit?

Thanks!

Short term impact? Yes. The dividend is sustainable short term..Q3 was good, Q4 will be better. Debt ratio very low.

Similar companies. In the cdn oil patch? Not really no. Probably the safest high yield oil stock out there

Dividends with the credit

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