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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil 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. Its Midale operating area of over 730 million barrels of original oil in place (OOIP) and its low decline in production of 3,200 barrels of oil equivalent per day (boe/d) (net) is supported by both waterflood and CO2 enhanced oil recovery. 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 OOIP pools. Its North area includes Grande Prairie, Clearwater and other properties.


TSX:CJ - Post by User

Comment by CJInvestoron Nov 27, 2022 3:37pm
203 Views
Post# 35132254

RE:Letter sent to CJ Management today

RE:Letter sent to CJ Management today

I think you nailed it with this correspondence. And thank you for speaking for some/most of us here. 


I worry that with the liberal announcement about a tax on share buybacks many companies will rush to do this next year at the detriment of any previous long term plans. I hope cj management doesn't have tunnel vision now. Debt reduction also had a steep interest rate "penalty" associated with it. I hope some smart accountant weighs the burden of each prior to making a decision on which one to focus on. 

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