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) > Oil goes up and stock goes down too funny

<< Previous

Bullboard Posts

Next >>

Comment by JayBankson Sep 26, 2023 11:23am

292 Views

Post# 35654559

RE:RE:RE:RE:RE:RE:RE:Oil goes up and stock goes down too funny

Last October we seen a dividend increase followed by the financials in November... I'm not suggesting we see one announced in a few weeks (but I want it)...

Our Bank Debt has been mildly reduced from that Q3 to our current Q2, but Net Debt has grown... but by the end of September both Bank and Net might be substantially cut down...

Also Oil is currently in a similar area as at that time, altho the preceding circumstances are different as at that time oil came from above, but this time it is rising into the current price...

Dividend ignored, I see us getting a really strong Q3 report and could see a return into the 9s, maybe 10s... last year the SP was lower and vaulted into the mid-upper 9s, we are starting from a higher point and might get a report with a much better outlook, tho maybe not as fundamentally strong as 2022...

I think monthly updates would be nice for info and tracking, but would contribute more to volatility on its releases each month as they would create more noise in an already loud sector...