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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 Moremoney4uon Mar 18, 2023 9:57am
181 Views
Post# 35346660

RE:RE:RE:RE:RE:RE:RE:RE:Dividend Safety

RE:RE:RE:RE:RE:RE:RE:RE:Dividend SafetyDIVIDEND STILL SAFE. OIL is down NOW, BUT as the economies  improve, I.E  CHINA, we will see upward oil prices. THE world still VERY MUCH relies on oil. OPEC, WILL not allow prices to SHRINK. THIS cycle will have its ups and downs, minor blimp,   CJ  STILL HAS  ALL THE INGREDIENTS TO MOVE INTO THE 10.00 $$$$$   RANGE, and it will. THE dividend is STILL SUSTAINABLE, with increases to follow, right NOW the 10%  is very   very  attractive. THIS IS A GEM. I  even believe   ERIC NUTALL is still anomored with the stock. HE IS THE MAIN OIL GUY. THIS is one of his TOP HOLDINGS. GOOD ENOUGH FOR ME. Patience is what is required. 10.00  $$$  plus plus. CJ IS VERY much a buy right now.   LOAD UP THE TRUCK.
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