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.

TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta) > Div

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Comment by TheWokeLemmingon Jan 09, 2023 7:41pm

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Post# 35212379

RE:Div

craigs1960 wrote: January dividend confirmation.06c sh, oil is oversold seasonality and China demand kicking in soon. Get paid to wait.

Awesome. This could have been the reason CJ didn't participate for long in the rally. Perhaps some nerves that the divvy could be reduced? Personally I wouldn't mind seeing oil stocks stay flat this week so I can get more CJ shares at a 10%+ yield next week when the divvy payment gets received.

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