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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 8:22am
277 Views
Post# 34904198

RE:RE:RE:Face it

RE:RE:RE:Face it
Moremoney4u wrote: YES, it is a CASH COW, oil has to be in the 50.00 $$$  range for this dividend to be effected. We get paid to wait for stock appreciation as well, to the target of 14.00. OK, VERY NICE. ERIC still feels according to his statement , that there still is remove to grow,BUT NOT up to his 150 % marker. CJ still has ALL cylinders firing, maybe a takeover, enjoy the divy, maybe a increase in three months, LOAD UP THE TRUCK. 14.00 $$ make it happen.    

investors need to understand Nuttal's situation a little better. He exists to make money for his investors. Now he has two funds. When he's on BNN, does he talk about his income fund? Not really. He talks about potential upside from current prices. So if he says there is more upside elsewhere, that typically results in selling of whatever stock he mentioned.
So when he says that, he can cause flight and quietly pick up shares for his income fund. IIRC when talking about his income fund he said awhile back that he was starting more heavily weighted with US companies but would be moving in to Cdn companies as dividends grew on this side of the border. Bottom line is he has a vested interest in saying the upside is better elsewhere
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