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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

Post by divime1on Mar 17, 2023 7:44am
326 Views
Post# 35344401

Anyone remember

Anyone rememberthe doom and gloom in late 2020 . Stockhouse experts were saying CJ is finished , take your loss and run . I bought 30,000 shares from someone who ran for my TFSA at .52 and I still have them .  I also have WhiteCap shares from the TORC takeover .

My dividend yield is currently 138 % . The dividends have returned my original investment . Anything from here on is profit . I could have used some to trade but  I'm not good at timing daily moves .

Probably some SH experts will say take the $ 190,800 profit and run . It would make sense if I needed the money for a mortgage or rent but being an old guy I have everything I need so I will let it ride to see how it ends . In the meantime the $ 1,800 that CJ sends me every month keeps adding up .



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