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) > Why isn’t CJ tracking the price of oil?????

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Comment by lashingon Sep 08, 2023 7:45pm

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Post# 35627146

RE:Why isn’t CJ tracking the price of oil?????

the dividend announcement is looming and many think they could cut. Board may have made that decision before recent price jump. Like GXE, where people kept sayig it would never happen .... until it did, CJ has a generous dividend that was not sustainable last quarter. It is now, but, again, decision may have been made and just matter of annoucing.