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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 gmf1001on Mar 23, 2022 1:41pm
216 Views
Post# 34538415

RE:RE:RE:RE:RE:RE:WTI 90 day average $90+

RE:RE:RE:RE:RE:RE:WTI 90 day average $90+I sure hope this comes to pass as we are all expecting.  Signifiant and growing dividends, zero or near zero debt, etc, but I'm increasingly concerned about two self-annointed black-faced sherrifs that are looming on the horizon.   I believe there is a growing threat that a significant portion of these profits could be taxed away in the spirit of wind-fall profits and a 'greener' future.   I wouldn't put it past those two to effectively privatize the western Canada O&G industry.   I'm all in to reap the expected profits and significant dividends - I'm just more nervous that before.
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