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) > The share price was over $6.45 a week and a half ago

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Comment by Quintessential1on Feb 20, 2024 12:21pm

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Post# 35889071

RE:RE:The share price was over $6.45 a week and a half ago

Plus a 12% yield (except for loops of course his ACB is higher lol) and you get a gain of about 17%

Do a little swing here and there and you can easily churn out 25-30%

Of course you might want to keep a core holding of shares just in case the price runs with oil.

Always FOMO

GLTA

Dollars4Pennies wrote: The share price is now where it was at the end of November 2023. So for the last three and a half months it's been one step forward one step back. As I said before, it will do this endlessly and end up with a gain for the year of around 5%.

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