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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

Post by lashingon Aug 17, 2023 4:17pm
398 Views
Post# 35593692

Sold a large chunk.

Sold a large chunk. Been getting divs since Feb bought in at 7.11 ..... but I have to go back to day trading and cashing out each month now so sold at 7.15

Holding long doesnt pay in this sector. Buy in when its right, take a div (or make own on good days), get out. The above were my high price shares. Rest are all 6.50 or so so nice cushion but 105% payout ratio wasnt good news and oil is not doing what it should be. FInancial market is just too big and corrupt to hold. 

This was alot safer than GXE though where those people though they were pure genious and mocked me for moving that cash to CJ. OK ... well, each their own. 

When buy and hold when you can trade and mold? - mold your own divs in swings, keep risk to a min. 
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