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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.


TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta) > 🚩A month & a half of dividends already evaporated today 🚩
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Comment by Quintessential1on Jan 27, 2024 3:28am
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Post# 35848337

RE:🚩A month & a half of dividends already evaporated today 🚩

RE:🚩A month & a half of dividends already evaporated today 🚩Oil and natural gas prices are starting to trend up lately, especially oil,  which is why I wonder when it will start to affect CJ's share price and cause it to start trending up.  In a downtrend since Jan of last year (tracking with oil's downtrend) I wonder when it will show signs of a reversal.  I haven't seen one yet so I can only assume we might see another dip before the ER, the possible catalyst to reversing this down trend and sending CJ's share price back up where it belongs.

GLTA  


Dollars4Pennies wrote: Not good. How low will it go ? Oil and natural gas prices keep trending down.


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