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) > 2024 budget and SAGD impact

<< Previous

Bullboard Posts

Next >>

Comment by JohnnyDoeon Nov 07, 2023 6:29am

364 Views

Post# 35720832

RE:RE:RE:2024 budget and SAGD impact

RockLobster1 wrote: I am looking to start a position... Does anyone see any impact short term from this report?

Are there other companies similar to this one I should be considering? Looking for somewhat safe income stocks with some growth potential.

Are the dividends in Canada taxed as return of capital or Canadian dividends with the credit?

Thanks!

Short term impact? Yes. The dividend is sustainable short term..Q3 was good, Q4 will be better. Debt ratio very low.

Similar companies. In the cdn oil patch? Not really no. Probably the safest high yield oil stock out there

Dividends with the credit

<< Previous

Bullboard Posts

Next >>

Visionstate set to leverage success in the U.S. market