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) > cj and my portfolio

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Comment by w8asecon Jun 27, 2024 10:15am

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Post# 36108773

RE:RE:RE:RE:RE:RE:cj and my portfolio

Thanks for your post = Bang on - and to add, now that capital gains is going to be taxed, much heavier, dividend stocks will become more favourable than capital gains type stocks like ATH

It might take a while for people to figure out this tax advantage or shift…H3LL, we are getting close to 11% now… Most investors are happy with a combined capital gains and dividend income of 12% per year as a return…

Ex dividend is tomorrow so essentially any purchase today gets the extra divy.

GLTA

Luckyguy777 wrote: This board is getting so immature. I bought 65,000 shares last week for fun.

I also internally realized all corporate gains so I can continue to hold and collect the dividend.

There is no doubt the new capital gains tax had an impact on the share price of many energy stocks last week. Check out the Friday volume. No buyers and all sellers. Monday price bounced as everyone tried to rebuy and there were no more sellers. It was a buying opportunity for all. That is why I did these transactions internally so I didnt need to take on any risk of losing out on a rebound.

I hold nearly 500,000 shares and it would be nearly impossible to realize the gains on the open market given the average volumes. Happy to collect the dividend every month. Not even needing any further gains from here if the sustainable dividend remains.