Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

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.

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Cardinal Energy Ltd (Alberta) > I’m doubling down when

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Comment by Luckyguy777on Dec 03, 2022 9:49pm

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Post# 35149103

RE:RE:RE:RE:I’m doubling down when

Jodoub,

Similar situation to you. I have more shares but a higher cost as I started buying at $6 and averaged down so I am around $3 cost. Super happy with management and happy with how things are going. I do agree with some that capital appreciation here may not be the same as some others but I get the life changing dividend every month.

At some point I will need to sell but I dont really want to pay the tax on the gain when the yield is as good as it is.

GLTA

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