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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

Comment by BigJakeon Nov 24, 2022 10:20am
198 Views
Post# 35124965

RE:Cardinal vs. Tourmaline

RE:Cardinal vs. Tourmaline
vwbusman wrote: Hi - I am what I would say is a bit overweight on CJ relative to other holdings I have and am considering selling a bit (after dividend date for Dec) and flipping over to more Tourmaline shares.  Thought here is that there is a bit more diversification to nat gas vs. oil and the yield is similar (if you count the special dividends that Tourmaline does).  My focus is on steady dividends as a priority with some potential capital upside (or at least some stability - ha!)

Any further thoughts / considerations from other board members?  Thanks
One can not argue with your logic here, I like both companies which have proven they can be disciplined and true to their word. The obvious advantage to picking up TOU now is their in a great position to profit from future LNG opening up, as well as massive reserves. In this case diversification can make very good sense 

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