Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

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.

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Cardinal Energy Ltd (Alberta) > Thinking of buying a position...

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Comment by Khersonon Oct 04, 2022 2:29pm

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Post# 35004780

RE:RE:RE:RE:Thinking of buying a position...

Kherson wrote:

Kherson wrote: I was thinking exactly as you stated duk until I just read about the Russian oil refinery being hit by Ukrainian drones. Having spent some time in Odessa a few years back and seeing the hate between the two warring factions, things are gonna get alot worse.
I pulled the trigger and bought a position @ $7.66 a share. That gives me a yield of 7.8% and my line of credit is currently charging me 6.45%. It might get interesting.
Kherson

I posted the above on June 22nd. The only change is that the interest rate on my line of credit has increased to 7.45%. Looks like my capital gain is the definition of free money?
Kherson

My book cost is now down to $7.46 a share as I was able to add more to my position as I had my line of credit increased. Therefore going forward, I am receiving yield of 9.6% and my interest rate is now 8.2%!

Kherson