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Bullboard - Stock Discussion Forum Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

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... see more

TSX:CJ - Post Discussion

Cardinal Energy Ltd (Alberta) > STILL FIRING ALL CYLINDERS
View:
Post by Moremoney4u on Aug 17, 2022 1:41pm

STILL FIRING ALL CYLINDERS

Look, CJ has all the right things going for it. The entire oil index is down, CJ PAYS A heafty dividend and thats what your getting now. Patience is what you must have, get paid to wait for the NEXT wave , wereby the entire sector starts to move again. The recession is coming , oils  will be effected, CHINA is consuming less oil, producers cannot produce anymore oil, etc. Let this scenario run its course and in 6 months we will see a BIG turn around in the price of oil and oil stocks. CJ is firing on all cylinders. TARGET price is 14.00 . NOT BAD. LOAD UP THE TRUCK and be patient.
Comment by TheWokeLemming on Aug 17, 2022 3:05pm
Those who have followed CJ for a long time know that these times come, when share price doesn't follow market action and the stock gets punished more than others, for whatever reason.   I'm looking for an entry point well under $8.  GLTA.  
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