Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

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

Cardinal Energy Ltd (Alberta) > Slick

<< Previous

Bullboard Posts

Next >>

Post by cre8value4meon Jul 28, 2022 8:00pm

323 Views

Post# 34858690

Slick

This in my opinion is a well oiled management machine (pardon the pun) I personaly think the quarter was amazing. I am not sure how the market will react as it seems people were looking for a direct return of capital in the form of a divy increasae or special dividend.
The market is ficle so who know's what the immediate reaction will be at the open but if you are long it will just be noise. All things being equal and rational we would get a bump up!
JMHO GLTA
Cheers

<< Previous

Bullboard Posts

Next >>

Rig Count Soars as Utilization Surpasses Industry Averages