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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 scienceguy36on Jul 27, 2022 12:10pm
160 Views
Post# 34853968

Gambling on the price of oil

Gambling on the price of oilThose that sell as the SP rises before ex-dividend date with the hope that they can buy the normal dip on ex-dividend date and earn as much if not more than the dividend may be disappointed if the oil price trend keeps rising. But who knows? Basically, just have to wait and see where oil goes. I for one am going to take the dividend and hope oil keeps rising.
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