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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) > Limited damage according to Iran?
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Comment by VeritasVernon Oct 29, 2024 1:38pm
102 Views
Post# 36287131

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Limited damage according to Iran?

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Limited damage according to Iran?Quixotic, lets say that at current prices of $70 their is enough cash flow to pay for expenses and pay the dividend.  All mostly ok, the stock flucuates up/down based on oil prices.
Now lets say that oil declines and stays in the low $60s on some bearish development like, umm, oh, an endless Middle Eastern war. But at that price point CJ can't continue to pay the dividend but now have to use their credit to sustain their divy. That is a completly different scenario where they are now using debt, not profit to maintain the divy. The stock will then take a beating, that's the risk. 

Yes, I'm invested and holding why else would I spend time posting.
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