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) > $300 000 portfolio minimum

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Comment by Quintessential1on Jun 30, 2024 11:41am

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Post# 36112606

RE:RE:RE:RE:$300 000 portfolio minimum

I don't have a margin account but should. If you are not maxing out your portfolio leverage you are short changing yourself. I would say the costs associated with a margin account could end up being less than the taxes owed on money coming out of an RRSP being taxed at a full nominal rate. Given that the margin costs are being covered by the divi alone the rest is like free money.

GLTA