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) > Just got in today. Only 10k shares but a start.

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Comment by Quintessential1on May 07, 2024 9:49am

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RE:RE:RE:RE:RE:RE:Just got in today. Only 10k shares but a start.

Yeah you too Potts. I assume you have been cycling that cash in and out of something that might be swinging more? Personally I find it hard to find anything that will beat a 10%+ yield even at current share prices although a few E&Ps shareprice growth outpaces that handily.

Time will tell and that's what the analysts are forcasting. 12-18 months out CJ could be raising lower cost production as SAGD starts coming online. It should be fun to watch.

GLTY and all