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) > 700 calls

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Comment by JayBankson Sep 29, 2023 3:50pm

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Post# 35662443

RE:RE:RE:RE:RE:700 calls

If you own the call you can exercise at anytime... and also decline on expiry (apparently with a broker call)...

I believe the main reason you would exersize your call early (rationally) is for dividend collections, it would likely have to be a significant one like a special .. or yes, maybe turning around and using your new holdings for selling call options... or a rights offering, or a significant vote like a M&A...

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