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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

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.


TSX:CJ - Post by User

Comment by Kadiddelhopperon Aug 16, 2021 1:42pm
163 Views
Post# 33710793

RE:RE:RE:Large insider sell

RE:RE:RE:Large insider sellWith one federal Party already advocating for change in the Capital Gains inclusion rate for Gains Taxation from 50% to 75 % , being the NDP, you can safely guess the Liberal Position should they win the election, with or without the propping from their NDP friends. 

 Crystallize now or on the run-up to the Election...until Sept 20th, there will be a fair amount of churn, while Investors strategically adjust for a "possible" tax effect on their Gains.... Losses as well to be affected so another consideration. ..hopefully very FAR down the road...but the advocating is usually a hint of things to come.
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