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.

TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta) > Oil up four bucks and this so called investment

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Comment by Moremoney4uon Oct 08, 2022 7:44am

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Post# 35013788

RE:RE:RE:RE:RE:Oil up four bucks and this so called investment

This has all the ingredients, with the next 2 QRTS, going to be stellar. THE EPS, PRODUCTION, etc., will be stunning. The dividend has increased by 20%, they will reduce their debt, and provide another dividend increase in new year. ALL the indicators for CJ ARE VERY POSITIVE. High volume on CJ and most other oil stocks, OIL PRICE is moving up, pushing stock into the 12.00 $$ range. THIS IS A GEM.

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