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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 Quintessential1on Nov 25, 2022 10:07am
146 Views
Post# 35127941

RE:RE:RE:RE:RE:RE:RE:RE:RE:At what point would cj cut the Div to 5 cents?

RE:RE:RE:RE:RE:RE:RE:RE:RE:At what point would cj cut the Div to 5 cents? Ahh I see.  I have heard this prediction repeated and also do not buy it but,  if it gets me a stocking full of CJ X-mas shares on the cheap I am a-okay with that. 

I really do not see this rallying again until the next ER report unless the EU's Russian sanctions spike western demand or the recession prematurely fizzles.  I am sure the US is trying to eye the optimum time to replenish the SPR which will will have to be before summer.

In the meantime the divividend is a sfe as houses so collect and enjoy.

GLTY and all.


CJInvestor wrote: He was referring to crude prices dropping to high 60s. I don't see it myself. I see max low of 73. But that would be enough to drop CJ to the low 8s I'm sure. Let's hope for WTI high 70s as worst case scenario. 


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