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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 TheWokeLemmingon Jan 25, 2023 1:50pm
271 Views
Post# 35245749

RE:This is one good looking oil company…

RE:This is one good looking oil company…
Gringotts wrote:

...every time I reread the the company's last quarterly results I am reminded of what an excellent company CJ is.

Return on capital is awesome. 
Debt payment is excellent.
Well life is well above average.
Current price is extremely attractive with 9.5% dividend.

I like what this company is doing.  I have and continue to buy the dips. 

 



CJ is rocking it.   They are on the right side of the debt equation and increasing shareholder value with the dividend.  I have another investment that appears to be on the wrong side which is making me appreciate CJ even more.  

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