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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 29, 2022 3:56pm
289 Views
Post# 34791626

CJ will do well

CJ will do wellWe just received a 7.7% dividend so in a perfect investment world on the ex-dividend day we should be down 7.7%. This is not an all things being equal day, as Oil prices are down (as are all commodities), stock exchanges except for DJIA are all down. End of the month and end of the quarter is coming for investment houses to consolidate and report their quarterly earnings to investors.
I expect investment firms will either jump back in thursday before long weekend or after the long weekend.
Don't sweat the dip as it was expected. IMHO

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