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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) > When does CJ go on a run?
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Comment by TheWokeLemmingon Jun 30, 2023 1:02pm
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Post# 35522543

RE:RE:RE:When does CJ go on a run?

RE:RE:RE:When does CJ go on a run?

Lol!   Perspective does help for sure.  I'm staying away from any company that expands debt and share count.  Loved BTE until they went down that path. CJ needs to do something more regarding divvy or NCIB to get me to put more dollars here in the long term.  Right now the NCIB is a nothingburger at 3 million shares a year.

Short term though I like these levels and have bought more this week.   Should have bought more ATH instead but still making money, albeit small gains. 

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