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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 Jul 24, 2022 6:13pm
215 Views
Post# 34846775

RE:RE:RE:RE:Good Read about Upcoming Earnings

RE:RE:RE:RE:Good Read about Upcoming EarningsI believe you have to buy shares by this Wednesday to get the July dividend. Only concern for me is the Fed meeting and the probability that WTI declines early in the week. The last 2 Fed meetings have been lethal for the energy sector as there has been big selloffs the following day, which would be this Thursday.  The timing of CJs report is unfortunate as the following week would have avoided the Fed meeting.   Management should start to consider this when they decide when to release quarterly results.   My opinion only.  
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