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) > Does anyone know the average price per barrel of oil this Q?

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Comment by Quintessential1on Jun 28, 2024 10:59am

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Post# 36110713

RE:RE:RE:RE:RE:Does anyone know the average price per barrel of oil this Q?

I think DRIPs can be benificial especially if the company offers the plan and a discount. I don't think Cardinal offers its own DRIP plan so the only benifit is the saved brokerage fees if you have any. Thats why I think you can beat the DRIP as they don't always buy at the most opportune time for shareholders. If you have time to hold and follow the stock and buy cheaper I think you can make out better than a broker drip even with fees but there is something to be said for "set it and forget it" for those with more important things to do.

I agree Q2 ER should be better for all of the reasons you have stated also.

GLTA