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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) > Enjoy the dividends folks!
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Post by Luckyguy777on Feb 12, 2024 9:30pm
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Post# 35876701

Enjoy the dividends folks!

Enjoy the dividends folks!Yield of 11+% and cash flow every month.  How can you go wrong?  

Another pay check coming on Thursday and another one confirmed for a month from now.

My guess is we will probably never realize full share value for the stock as it will be bought out by then.  I dread the day that I need to find a place to redeploy the capital and get more than a 11% yield paid every month.

Plus I don't really want to pay the tax on the capital gain from a buy out.


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