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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

Comment by Moremoney4uon Nov 11, 2022 4:51am
213 Views
Post# 35090611

RE:Oil~ late night breakout after China restrictions relaxing

RE:Oil~ late night breakout after China restrictions relaxing OH YA, up, up and away , china removing some restrictions, travel is going to pick up, FEDS are not as aggressive,  etc., OIL PRICES will trend back into the 100.00 range. CJ,  will hit their targetof 12.50 $$$ .  Its got all the ingredients, great time to buy on dips.Lets get the dividend, we wait we get paid, NICE.  ANOTHER  Dividend increase in the NEW YEAR, 20% , they have the cash, and their DEBT. will be under their forcast. PAYBACK TIME. 
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