Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

Cardinal Energy Ltd. is an oil and gas company with operations focused on low decline oil in Western Canada. It is engaged in the acquisition, exploration and production of petroleum 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. It has over 730 million original oils in place (OOIP) and its low decline production of approximately 3,200 barrels of oil equivalent per day (boe/d) is supported by both water and carbon dioxide (CO2) enhanced oil recovery (EOR). 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 original oil in place (OOIP) pools. Its North area includes Grande Prairie, Clearwater, House Mountain, Mica, and Mitsue properties.

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Cardinal Energy Ltd (Alberta)

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Comment by mo1975on Aug 21, 2017 8:12am

188 Views

Post# 26602214

RE:RE:RE:RE:RE:Can someone give me a quick intro ...

it is my experience that these high levels of dividends are for the shorter term only either a cut comes around, or a sp rises which lower the percentages showed... in the case of cj if you raise the sp to their high of last 52 weeks you get a significant drop in the percentage of the dividends....so if you are in for long term and beleive in the company reinvesting those dividends will make the best of both worlds

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