Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

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.

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Cardinal Energy Ltd (Alberta) > sell then come back?

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Post by vwbusmanon Jul 25, 2023 6:47am

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Post# 35555429

sell then come back?

What are people thoughts on this?

I have some CJ and am doing fine with it. I am a bit concerned Q2 will be underwhelming.

My thought here is to sell today (before earnings and before ex-dividend) and sit on the sidelines for a bit until the earnings let down and a possible Fed rate hike take effect. Then if there is a bit of a down draft, come back in to CJ. Tax implications are not an issue in this account.

Good idea, bad idea?

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