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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

Comment by TheWokeLemmingon Jul 27, 2022 12:36pm
110 Views
Post# 34854087

RE:RE:Flying high!

RE:RE:Flying high!

Absolutely agree Cardinal is the place to be!  My long term holdings haven't changed.   GLTA!



7Twiggy wrote: I am holding tight.  Started buying the stock at higher levels as I thought it was one of the best plays
in the oil patch.  Still do.  So many good things happening.  Aside from an initial buy, the company has not really started their buy back program in earnest.  IMO opinion those shorts are starting to cover as they could be in big trouble sooner than they think. Results should be fantastic.  This could result in paying back debt sooner and or increasing  the dividend. Special dividend not out of question IMO. Can't see the stock droping much when ex-dividend. Suspect some money managers may put some more on the sell side to scare a few investors after the ex, but expect it to be short lived. The stock is on fire today and I don't think it will stop anytime soon. Every thing is coming up roses for Cardinal.

 

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