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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 cre8value4meon Sep 07, 2022 10:02am
129 Views
Post# 34946367

It is Groundhog day

It is Groundhog dayIn between earnings seasons....... yearly fall fallout LOL....... sit tight wait till Biden and his cronies stop artificially proping up the oil market, this is as far as my expeireince goes the easiest and most manipulated market. Collect your divi which now makes it bearable to put up with and wait for the realities of the market to continue to bear fruit. If on the other hand you are not a true believer in the longer term fundamentals. Then go invest elseware there are a ton of stocks paying a great dividend out there go play there and forget about O&G stocks.  Those of us sticking around we will see our rewards likely in early 2023 collect a few thousand dollars a month and wait for more.
We have endured years of hell in this market .....be patient and you shall reap the rewards. This is a cyclical story folks rinse and repeat!!!!!!!
JMHO & GLTA

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