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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 JayBankson Nov 05, 2021 12:17am
277 Views
Post# 34090353

RE:RE:RE:RE:Q3 report not as good...dividend in mid 2022 and not now

RE:RE:RE:RE:Q3 report not as good...dividend in mid 2022 and not now

kavern23 wrote: Jay I am not sure what you and other CJ people see in it over Obsidian Energy.

 

I'm not judging any producer over any other at this point, I'm just analyzing what I have, it's potential to pay me and predict at what rate. I've been holding Cardinal for a few years now, Cresent Point and Bonterra a few years longer, all of them have not delivered what I have hoped which was 6-10%+ investment growth/returns year over year, it's been a rough go in this part of the oil patch for myself (and that is an understatement of rather epic proportions) and I've stopped looking and picking at producers because I haven't done well at it. But running basic numbers I can guesstimate plausible potential payouts, I'm not even trying to guess at target share prices or asset values. So no one should take my comments as bullish statements on Cardinal let alone over others as I'm not even looking at others, altho I would like to see successful returns here.

I have done small short term trades with several producers including OBE but I wasn't very successful so I've stopped trying that. Instead lately I've been going the Royalty route with Freehold and Newport Exploration so I don't worry about NAVs or producer risks as much, it's just payouts, ratios and looking for good prices of entry/adding and they are been rewarding me much more with less headaches. Most of my money in the Energy sector is in Pembina, Altagas (which isn't what it once was) and Russell Metals. Pembina and Altagas I've held for longer periods but they haven't delivered anywhere close to expectations for me and Russell has been very successful especially recently but I don't know if I'm into a growth by acquisition when all this growth is not leading to a larger distribution to me. I don't think I'm intense enough to analyze and select in the O&G sector effectively, but I wanna keep my toes in the water, learn and collect as best I can.

If you say OBE has better outlook and metrics than CJ, I believe you but I don't really understand an effective entry and exit strategy yet to gain on value appreciation, but I can understand dividends and their potential movements (I just need to stop ignoring warning signs when they are in trouble). OBE wouldn't really hit my long term investment radar because I haven't seen a payout history recently and I've never heard of one being introduced/discussed, I am aware of them and that they seem like a quality company, but because I'm not confident in my ability to making a profit off them most news on them is mild interest or white noise.
 

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