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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.


TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta) > swing trade at $6.28
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Comment by Quintessential1on Feb 28, 2024 1:52pm
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Post# 35904417

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:swing trade at $6.28

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:swing trade at $6.28Well VV this is loops post.  Maybe he can explain it to you.
"
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Comment by loopsbutterflyon Jan 07, 2024 9:39pm
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 Post# 35814982

RE:RE:RE:More TFSA money

The point is about the 50% rule for capital gain or loss....

if Revenue Canada find you trade too much in your TFSA and consider you as a day trader they will not agree for the 50% rule and you could become fully taxable and I know some investors catched on that rule...

example: capital gain  $14 000 x 50%=$7000 taxable at your bracket

         day trader: capital gain $14 000 x 100%=$14 000 taxable at your bracket


it is not the same thing at all !!!!  far less profit"


GLTY and all

VeritasVern wrote: Qunite, I am not sure what you are refering to regarding trading in a TFSA. Perhaps you mean moving funds in/out of a TFSA? That could have limits. I am quite sure you can trade as much as you want in a tsfa given you may make money or lose.
Trading is a Tax Free account is just that -  tax free. So if you make 100% profit, it is tax free as is any withdrawals which would include any capital gains. 


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