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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

Comment by Sirlostaloton Nov 16, 2023 7:01pm
250 Views
Post# 35740279

RE:RE:Tough one here

RE:RE:Tough one hereAgree as well, sold half position a few weeks back , had always hoped CJ of all companies could be just a straightforward dividend payer, pay off all debt then simply peg dividends according to wti and $,wcs diff sensitivities etc adjusting every quarter. It just doesn't seem to be in the dna of any oil company management to simply be a cash machine for shareholders. F around and shareholders find out seems to be the mantra with a lot of companies now . Just one guys opinion.. Good luck to all hopefully better day tommorow. 
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