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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) > Does anyone know the average price per barrel of oil this Q?
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Comment by Quintessential1on Jun 27, 2024 8:39pm
97 Views
Post# 36110028

RE:RE:RE:Does anyone know the average price per barrel of oil this Q?

RE:RE:RE:Does anyone know the average price per barrel of oil this Q?You are so going to get that capital back in spades.  If you can average down when given those low share price  opportunities take them.  You're yielding over 10% practically guaranteed now by the increased credit facility with what I believe is at least 30% upside in share price in a year maybe two. 

Sit back and collect your divy and maybe swing your ACB down ...it's all good.

GLTY and all    


CJInvestor wrote:

Thanks Q. 

I'm learning to be fine with the sub 7 price even though I'm down from my initial trade at 7.10. But with a 2-3 year horizon I am learning not to worry about the fluctuations. Dividend is covering the slight drop just fine. 



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