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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

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.


TSX:CJ - Post by User

Comment by ronzon Mar 05, 2021 8:38pm
239 Views
Post# 32734927

RE:will CJ reinstate its dividend if SP reaches 4$ ?

RE:will CJ reinstate its dividend if SP reaches 4$ ? Honestly, I was thinking that they should be able to restart the dividend by summer time assuming this continues between $2-$3. I can't imagine why they don't make an announcement to bring it back. Anybody else agree? This would also make this stock price fly some more if they got back to their status as a dividend stock investment like their company strategy always has been focused on! GLTA
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