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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 Oct 14, 2022 10:59am
203 Views
Post# 35024731

Is it safe

Is it safeAt what price do we get concerned, maybe at 45.00 oil price. Still great earnings, production numbers and great 2 QRTS to come shortly. BUY on these dips, the price of OIL will be in the 100.00 range , in 6 months. The economies will rebound, BIDEN has to replace all the reserves at todays prices, putting upward pressure on oil price. THE WAR, and the embargo on russian oil, etc, will bring oil back into the 100.00 range. CJ is very well positioned to take advantage of the situation. LOTS OF CASH, earnings, land, etc. ITS A GEM. GREAT dividend, and it will increase in the new year. target price is 10.50  to 12.50. LOAD UP THE TRUCK.
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