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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 scienceguy36on Jun 06, 2022 4:05pm
207 Views
Post# 34735139

CJ is solid

CJ is solidFundamentals have not changed except FCF is increasing with the price of WTI. This stock will start to climb closer to dividend. CJ has better FCF than SGY ( which keeps rising for reasons unknown to me) as 1/3 of SGY oil is hedged in the low 60's for the 2 quarter. Just a matter of time that potential investors will read an compare financial statements instead of following the advise of a person that has responsibilty to enhance the profits of investors in his funds.  Eric will continue to influence the novice investors and investors to lazy to actually research and do their own due diligence.
As for currentt CJ investors i believe your patience and DD will pay off handsomely in the coming year.

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