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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 JohnnyDoeon Jan 18, 2023 6:43am
225 Views
Post# 35229902

RE: a blogger's opinion on the effect of NCIB

RE: a blogger's opinion on the effect of NCIB
Kadiddelhopper wrote: Found this piece by blogger Michael Blair, and writes of another opinion on t6he current spate of the NCIB buybacks which seem to have taken hold somewhat. . MB thinks dividends are the better option. For those interested, you might find this piece worthy of some thought.

Are all energy stocks undervalued? - by Michael Blair (substack.com)


The irony of this blog post is him saying you cannot time the market and then referencing having bought 120k worth of oil stocks when they were selling for pennies in Q2 2020 and now getting 110k in dividends on that investment

History may well show that Q2 2020 was the best "timed" buy ever. 

Just saying. 
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