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) > Budget 2024

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Comment by Khersonon Apr 18, 2024 3:20pm

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Post# 35996585

RE:RE:RE:RE:RE:RE:RE:Budget 2024

UltraTired wrote: Maybe both?!.....lol

But a 2/3 capital gains tax now instead of 1/2 has got have them re-evaluating their plans as a business.

But I'm always open to hearing other views on that matter.

A Capital Gain would only be triggered if CJ sold an asset at a profit and since CJ has large tax pools, I personally think that capital gains are a non-issue.
Kherson

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