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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 Moremoney4uon Aug 17, 2022 1:41pm
184 Views
Post# 34902651

STILL FIRING ALL CYLINDERS

STILL FIRING ALL CYLINDERSLook, CJ has all the right things going for it. The entire oil index is down, CJ PAYS A heafty dividend and thats what your getting now. Patience is what you must have, get paid to wait for the NEXT wave , wereby the entire sector starts to move again. The recession is coming , oils  will be effected, CHINA is consuming less oil, producers cannot produce anymore oil, etc. Let this scenario run its course and in 6 months we will see a BIG turn around in the price of oil and oil stocks. CJ is firing on all cylinders. TARGET price is 14.00 . NOT BAD. LOAD UP THE TRUCK and be patient. 
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