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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 Sep 19, 2022 8:27am
274 Views
Post# 34970746

DEBT PAID.. DIVY INCREASE

DEBT PAID.. DIVY INCREASEYES debt to be paid off, by year end, DIVY INCREASE, new wells, more production, etc., WE get a nice dividend while we wait for the stock to increase, in the NEW YEAR.    The oil price is going lower, however, this will turn around once CHINA and other economies improve, about 8 months . Then next two quarters will be stunning for CJ. IT IS A GEM. ERIC has good comments, finds better rewards else were, he is looking for 150 % increases  target PRICE on CJ  IS 15.25 $$$$  its only 100% increase. LOAD UP THE TRUCK. Buy on these dips. 
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