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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 bbwiboneon Aug 11, 2022 5:46pm
215 Views
Post# 34889863

RE:Terrible day to be a Cardinal shareholder.

RE:Terrible day to be a Cardinal shareholder. There is a pile of short term money switching between Canadian E&P's, trying to anticipate dividend hikes to take advantage of pumps. CJ is solid and nearly debt free and returns will catch up.

VET increased its dividend 33%. Yipee. It has another 500% to go before it even gets close to CJ, and another $1.5 billion of debt to pay off too.
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