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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 Khersonon Jun 28, 2022 10:03am
141 Views
Post# 34787142

RE:RE:RE:Thinking of buying a position...

RE:RE:RE:Thinking of buying a position...
Kherson wrote: I was thinking exactly as you stated duk until I just read about the Russian oil refinery being hit by Ukrainian drones. Having spent some time in Odessa a few years back and seeing the hate between the two warring factions, things are gonna get alot worse.
I pulled the trigger and bought a position @ $7.66 a share. That gives me a yield of 7.8% and my line of credit is currently charging me 6.45%. It might get interesting.
Kherson


I posted this on the 22nd. It has been an interesting week. Glad I held onto my position, but wish I was better at timing the Market!
Kherson

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