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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF | T.CJ.WT | T.CJ.DB

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 20, 2022 4:58pm
313 Views
Post# 34974828

ITS STILL A WINNER

ITS STILL A WINNERLOOK, at the facts, CJ has all the tools, LAND, EPS, DEBT. REDUCTION, BUYBACKS,  QUICK PAYBACK ON WELLS DRILLED, BLAH BLAH. The price of oil is down, the feds will do anything to get inflation down, WORLD economies are down, the ability to produce more oil , takes years, THE WAR, etc. ALL these depress the oil price, THIS IS ALL TEMPORARY. Oil companies are ALL still making TONS OF MONEY, CJ, is paying a nice dividend, we wait and get paid. PLUS INCREASE TO .06 CENTS PER MONTH. THIS entire sector will improve, give it 8 months. CJ can continue to pay divy, at 45.00 a barrel. TARGET PRICE  is 15.25.$$. IT IS A GEM. 
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