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) > Happy Holidays to all!

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Post by Luckyguy777on Dec 22, 2023 9:03pm

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Post# 35798774

Happy Holidays to all!

I hope everyone on here has a great holiday season.

I am still holding large position in this one. Resisting buying more in taxable accounts as I am already over exposed. I can't resist buying more in TFSA and RRSP with monthly dividend.

A little disappointed with the price action for the year as we are down more than the dividend at the moment. I believe the dividend is safe and we have upside in the share price so there is no reason to panic.

Getting 24k+ a month in dividends makes it easy to wait.

Good luck everyone

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