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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 JohnnyDoeon Aug 18, 2022 6:22am
225 Views
Post# 34904030

RE:Face it

RE:Face it
Deckdude wrote: Cardinal is a terrible buy. We fuc,.d up. Sell and move on to non energy stocks of your choice.


CJ is an excellent stock in. I have almost 50,000 shares. Bought at prices much lower than this. And the cash cow paid out this week. And it will pay out again next month, and the month after, and the month after that too. As I said in a post yesterday it depends on your objectives. If you're looking for maximum capital appreciation, there's probably a better play for you elsewhere. If you're looking for secure income, you've found a home. And there's very limited risk to this income.
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