Bullboard - Stock Discussion Forum 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... see more

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Cardinal Energy Ltd (Alberta) > Confused & Wonder #2

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Post by Dadsaid2 on Nov 09, 2022 9:11am

Confused & Wonder #2

Wow thanks for all the great feedback. I didnt know l would create that much road dust! Anyway l feel better now and when you think about it the debt is pretty minor compared to other companies out there as one poster pointed out on BTE. I own WCP which has large debt too. I just hope CJ just cleans up the working cap deficiency verbage and just come clean. Getting to zero debt is not necessary but reducing it is. Its actually healthy for a company to have some debt on their balance sheet but thats another story line. Love the div and GLTA.

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