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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) > sell then come back?
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Comment by TheWokeLemmingon Jul 26, 2023 6:45am
110 Views
Post# 35557189

RE:RE:RE:RE:sell then come back?

RE:RE:RE:RE:sell then come back?
JohnnyDoe wrote: I think we're pretty safe here. Sure it might dip a little on the Q news, but oil is rising and will likely stay higher for a while. But additionally, the WCS spread has narrowed considerably and it looks like it's going to stay narrow for some time. 

At 80 wti and a 10-12 WCS spread, the cdn oil patch is cranking out cash. 

I think many stocks have more torque to oil than CJ, but I'm banking a significant divvy every month and at 80 wti / 10-12 WCS spread, it's very safe. 

We could be setting up for a multi year dividend bonanza from the cdn oil patch. 


The WCS spread has changed and is currently $20 not $10-12. It has NOT followed the recent increase in WTI. 

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