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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 24, 2022 9:19am
723 Views
Post# 35043251

dividend more to follow

dividend more to followIncrease in dividend, new year will bring another increase, OIL price dropping, is the dividend safe. OIL has to drop to 45  dollars to affect OUR DIVIDEND. New wells coming on stream, payback is 6 months, EPS, DEBT REDUCTION, buybacks, are making for a GREAT END TO THE YEAR. The new year has GREAT potential, target price of 12.50$$  should be realized. PRICE of oil hopefully stays in the 85.00 range. Economies will improve, sending oil back into the 100.00 range. WE wait and we get paid. NICE. Putting more OIL into the market by the BIDEN ADM. will bring price down , TEMPORARILY, they will have to replace it eventually, forcing prices to escalate. CJ has ALL the ingredients , its a winner. PATIENCE is required, hold and buy on dips, this QRT. AND the next will be amazing, the stock has been moving up in the last two weeks, GLTA .
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