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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 Kontraryon Nov 01, 2021 10:13pm
211 Views
Post# 34075696

RE:RE:RE:RE:RE:RE:RE:RE:anyone think CJ will announce a dividend on Nov 4 2021 ?

RE:RE:RE:RE:RE:RE:RE:RE:anyone think CJ will announce a dividend on Nov 4 2021 ?I'm with you. I'm fine waiting for a dividend for another quarter or two as long as the cash is applied to the debt and not used for some sort of acquisition. The banks almost took this company down last year, which put management in a vice and would have wiped out the shareholders if prices hadn't recovered, so getting out from under that yoke has to be the first priority. Cutting the debt further increases management's flexibility, reduces financing costs, and ultimately improves the ratios that affect share price.
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