Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF | T.CJ.WT | T.CJ.DB

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.

TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta) > is this halted ???

<< Previous

Bullboard Posts

Next >>

Comment by Luckyguy777on Jun 02, 2022 8:47pm

136 Views

Post# 34728222

RE:RE:RE:RE:RE:RE:is this halted ???

The other companies increasing in this environment are those that are buying back stock. They know they are cheap and probably loading up now for the benefit of the shareholders staying in.

Personally, I prefer the share buybacks as I dont have to pay tax on those. The people selling are paying the tax. And, if it results in a price increase to the stock I get a capital gain vs a dividend. Another tax win.

Everyone's situation is different. Enjoy the ride.

<< Previous

Bullboard Posts

Next >>

A Look into the Future of Chronic Pain Management