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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 Jun 28, 2024 2:13pm
38 Views
Post# 36111185

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

RE:RE:RE:RE:RE:RE:RE:Does anyone know the average price per barrel of oil this Q?Yeah most dividend stocks are DRIP eligible through your broker but not all are DRIP eligible through the company that supplies the shares itself.  The difference being that the brokerage DRIP will be fee free but the corporate DRIP will be fee free and usually has a discount on the share price paid with the dividend of sometimes up to 5% meaning you get more shares while doing nothing.  Without the 5% discount by the company I think you can beat the brokerage DRIP by buying the shares yourself  depending on how many you are purchasing and what your brokerage fees are, if anything.

GLTY and all 
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