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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 lashingon Aug 17, 2023 4:17pm
747 Views
Post# 35593692

Sold a large chunk.

Sold a large chunk. Been getting divs since Feb bought in at 7.11 ..... but I have to go back to day trading and cashing out each month now so sold at 7.15

Holding long doesnt pay in this sector. Buy in when its right, take a div (or make own on good days), get out. The above were my high price shares. Rest are all 6.50 or so so nice cushion but 105% payout ratio wasnt good news and oil is not doing what it should be. FInancial market is just too big and corrupt to hold. 

This was alot safer than GXE though where those people though they were pure genious and mocked me for moving that cash to CJ. OK ... well, each their own. 

When buy and hold when you can trade and mold? - mold your own divs in swings, keep risk to a min. 
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