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) > Nutbar's take on CJ on BNN

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Comment by Quintessential1on Aug 17, 2024 3:28pm

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Post# 36184370

RE:Nutbar's take on CJ on BNN

Yeah and he should be very aware that the dividend is, if not sustainable, at least covered by the newly expanded credit facility and given the Q2 results and the debt reduction looking more like sustainable. He should also be ware of this..

"Gets concerinng if the oil price drops" - Weird statement for an oil perma-bull.

Slight of hand / misdirection - bashing and buying. It is his modus operandi.

GLTY and all

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