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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 7Twiggyon Jul 27, 2022 12:23pm
164 Views
Post# 34854027

RE:Flying high!

RE:Flying high!I am holding tight.  Started buying the stock at higher levels as I thought it was one of the best plays
in the oil patch.  Still do.  So many good things happening.  Aside from an initial buy, the company has not really started their buy back program in earnest.  IMO opinion those shorts are starting to cover as they could be in big trouble sooner than they think. Results should be fantastic.  This could result in paying back debt sooner and or increasing  the dividend. Special dividend not out of question IMO. Can't see the stock droping much when ex-dividend. Suspect some money managers may put some more on the sell side to scare a few investors after the ex, but expect it to be short lived. The stock is on fire today and I don't think it will stop anytime soon. Every thing is coming up roses for Cardinal.
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