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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 Quintessential1on Jan 25, 2024 6:17pm
167 Views
Post# 35846068

RE:RE:RE:market depth:big players on the stock

RE:RE:RE:market depth:big players on the stockCJ seems undervalued at these share price levels and these commodity prices and I did and still do expect a bigger run up to an ex-div date especially with rising oil prices.  If the share price doesn't break through that previous resisitance level it risks a triple top and Pottsy prediction of a divy drop may become more than that.  A breakout would be nice and CJ still has two days to do it but it really feels like the algos are having their way with this stock.

GLTA

oilisswell wrote: Should be more to it than the dividend. It is up 7 cents today alone and the dividend is only 6 cents. Could be that oil is up and stockpiles are down. Or could be that CJ is undervalued at these levels. Will it drop after the dividend? Possibly, but it also could keep moving up! >11% dividend is nothing to laugh at. Place your bets.



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