Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil 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. Its Midale operating area of over 730 million barrels of original oil in place (OOIP) and its low decline in production of 3,200 barrels of oil equivalent per day (boe/d) (net) is supported by both waterflood and CO2 enhanced oil recovery. 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 OOIP pools. Its North area includes Grande Prairie, Clearwater and other properties.

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Cardinal Energy Ltd (Alberta)

Bullboard Posts

Comment by OOU812on Jul 07, 2019 9:37am

212 Views

Post# 29893188

RE:RE:RE:RE:RE:RE:July Div announced...

Cardinal, the buy of a lifetime.
How often do you have a company paying out a tiny fraction of its free cash flow
and still managing a hefty yield of 8%.These are crazy times.
Crazier yet, we're lucky if the short interest isn't increasing.The last time I looked
short interest was around 6%.Who in their right mind would still be shorting this.
The market has gone insane.
This is a perfect environment for a company that produces oodles of free CF.
Cardinal is in the enviable position of being able to turn lead into gold,
hopefully they're smart enough to do it.

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