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 JohnnyDoeon Aug 18, 2024 11:19am

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Post# 36184876

RE:Nutbar's take on CJ on BNN

Nuttall has never really liked CJ

He's also not wrong. If oil drops to say 60 for any length of time, CJ is overextended and vulnerable to a dividend cut. There's a risk there and it's more than he can stomach. If you have the appetite for the risk, the stock could appreciate substantially in 2026 if wti holds 75+ between now and then

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