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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 Moremoney4uon Aug 06, 2022 9:16am
238 Views
Post# 34876161

ANOTHER DIVIDEND INCREASE.

ANOTHER DIVIDEND INCREASE. Should expect another divy increase, debt. is reduced. share buybacks done, GREAT 2nd quarter, maybe in NOV. DEC. This is holding up very well. This week back into the 9.50 range. Target price is 12.50. We need a 20% increase in divy. OIL PRICE might be going down,the recession will kick in , in about 6 months, it will be a V SHAPE RECOVERY, WE WAIT and get paid DIVY, NICE. This is when oil starts to recover, back into the 105.00 range. China recovers, world economies recover. This is a screaming BUY right now. Load up on every dip. 
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