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Cardinal Energy Ltd (Alberta) T.CJ

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

Energy Oil & Gas E&P
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

Cardinal Energy Ltd (Alberta)
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Post by Moremoney4uon Sep 23, 2022 10:15am
201 Views
Post# 34981591

MASSIVE DIVIDEND

MASSIVE DIVIDEND10.5 %  that is HUGE. DIVidend IS SAFE. They still will have two GREAT QRTS. COMING UP. QUICK PAYBACKS  on their drilling brings in cash immediately. THIS down trend in the price of oil is temporary, CHINA and other economies will recover, boosting the oil price up. CJ is a GEM. IT has all the ingredients to move up into that TARGET PRICE OF 15.00 APPROX. obviously oil has to also move up, in about 6 months. WE wait and get paid. 50.00 is BREAK EVEN POINT. Buy on dips. 
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