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) > swing trade at $6.28

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Comment by Quintessential1on Feb 27, 2024 2:05pm

77 Views

Post# 35901952

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:swing trade at $6.28

"The point is about the 50% rule for capital gain or loss....

if Revenue Canada find you trade too much in your TFSA and consider you as a day trader they will not agree for the 50% rule and you could become fully taxable and I know some investors catched on that rule...

example: capital gain $14 000 x 50%=$7000 taxable at your bracket

day trader: capital gain $14 000 x 100%=$14 000 taxable at your bracket

it is not the same thing at all !!!! far less profit"

You were right loops. It is about the same as trading out of your RRSP LOL!

gracias grinDR

GLTA

Quintessential1 wrote:

The many conflicting statements of loops

(209)
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Comment by loopsbutterflyon Feb 17, 2024 11:09pm

24 Views
Post# 35886349

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:WTI is going to $80

wrong again I use my TFSA and my RRSP

(209)
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Comment by loopsbutterflyon Jan 07, 2024 9:39pm

150 Views
Post# 35814982

RE:RE:RE:More TFSA money

The point is about the 50% rule for capital gain or loss....

if Revenue Canada find you trade too much in your TFSA and consider you as a day trader they will not agree for the 50% rule and you could become fully taxable and I know some investors catched on that rule...

example: capital gain $14 000 x 50%=$7000 taxable at your bracket

day trader: capital gain $14 000 x 100%=$14 000 taxable at your bracket

it is not the same thing at all !!!! far less profit

(209)
•••

Comment by loopsbutterflyon Jan 04, 2024 9:20pm

62 Views
Post# 35811682

RE:RE:RE:RE:RE:swing trade at $6.28

Yeah but I didn't gamble too much on CJ as you know it is just a small part of my portfolio.

I play safe and get some money for entertainment ($2274/month)

(209)
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Comment by loopsbutterflyon Dec 19, 2023 6:25pm

85 Views
Post# 35792745

RE:RE:RE:Share price action

Could you be a little bit more explicite?

my wife is a little bit nervous....we need the cash cow dividend in order to pay our bills

last trade $6.27 up .07 and slowly going back to confort zone or should I say the support zone

So loops, when you get some "entertainment money" to "pay your bills" do you pull it out of your

RRSP or your TFSA? Is that why you can't add the 7K 2024 contribution? You already pulled it out

of your TFSA for "entertainment money" to "pay your bills" and can't add more until 2025?

You two(?) are too funny!

gracias grinDR

GLTA

Valneigette wrote: well said

I like your opinion

gracias grinnn