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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 Sirlostaloton Jul 25, 2023 7:23am
297 Views
Post# 35555463

RE:sell then come back?

RE:sell then come back?Hello vwb , I don't think you want any advice from me , I've bought into CJ at $3, $5 and $9 and am kind of addicted to the dividend so have been holding all along and will continue too.  I do agree that q2 will be underwhelming but I think it will be quite telling where Mgt thinking is , if in a plus 70wti quarter and WCS much improved they are increasing debt again it will be a very bad sign 
. It seems Mgt acumen is really on display in the 60-75 wti world at 80 + a lot of bad decisions can be papered over under 60 just survival mode. Good luck 
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