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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 TheWokeLemmingon Jun 28, 2022 7:50am
180 Views
Post# 34786675

RE:RE:NCIB

RE:RE:NCIBOne of the things that I like the most about this company is the already low share count.  Lowering it just means they become more valuable.  I often hear Nuttballs refer to "re-rating" energy stocks.   Is that the banks re-rating the companies that he's talking about?   Regardless, CJ must be leading the pack with such a high-yield dividend and now this NCIB.   CJ is extremely undervalued in my opinion.  
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