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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

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 Nov 01, 2022 5:25pm
299 Views
Post# 35064539

CJ HAS IT ALL

CJ HAS IT ALLCJ, great dividend, land, EPS, COMING UP, ETC. The recent acquisition, is very lucrative, provides quick paybacks, years of drilling, a sustainable dividend, and more. THIS IS A GEM. We will probable see a dividend increase in the early part of the new year, 20%. The target price is 12.50, we get paid and we wait for a nice stock price. The price of oil, according to some   LARGE MONEY MGRS . is going to 115.00 in the new year. This will send CJ INTO THE 15.00 range,it will move others such as TVE, BTE, HWX, ETC. By the week end CJ WILL BE 10.00. WHAT A GIFT. CHRISTMAS IS ARRIVING EARLY. LOAD UP THE TRUCK.
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