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.

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Cardinal Energy Ltd (Alberta) > sell then come back?

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Post by vwbusmanon Jul 25, 2023 6:47am

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Post# 35555429

sell then come back?

What are people thoughts on this?

I have some CJ and am doing fine with it. I am a bit concerned Q2 will be underwhelming.

My thought here is to sell today (before earnings and before ex-dividend) and sit on the sidelines for a bit until the earnings let down and a possible Fed rate hike take effect. Then if there is a bit of a down draft, come back in to CJ. Tax implications are not an issue in this account.

Good idea, bad idea?

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