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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

Post by MrICEon Apr 21, 2022 1:12pm
242 Views
Post# 34620879

Dividends will be great to offset under Appreciated share pr

Dividends will be great to offset under Appreciated share pr

With it being very hard to get any of the Canadian oil stocks share prices up theses days it will be great to get dividends. 
as much as I would like to see at least a double it could be a Waze off because of world unrest. The generalist  at this point doesn't  trust $100 oil obviously. CJ is making ridiculous FCF now. For myself a large share holder I'm going to have to wait for big money to appreciate value. In the meantime I'm Hoping to get a good dividend. It was suggested that .07/share per month to start. I would be ok with that knowing there would be more to come. 

holding long 

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