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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 JohnnyDoeon Dec 04, 2022 7:51am
220 Views
Post# 35149246

RE:RE:RE:RE:RE:I’m doubling down when

RE:RE:RE:RE:RE:I’m doubling down when
Luckyguy777 wrote: Jodoub,

Similar situation to you. I have more shares but a higher cost as I started buying at $6 and averaged down so I am around $3 cost.  Super happy with management and happy with how things are going.  I do agree with some that capital appreciation here may not be the same as some others but I get the life changing dividend every month.

At some point I will need to sell but I dont really want to pay the tax on the gain when the yield is as good as it is.

GLTA

 
You've hit on the dilemma for many. I'm very happy with the dividend but at some point in the future I'm going to move away from the volatility of oil stocks. But that capital gain tax is lurking. A couple of times looking back I'd of been better off selling, incurring the tax and looking for a pull back
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