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) > any thoughts on the reason for CJ SP today ????

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Comment by divime1on Nov 06, 2021 7:25am

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Post# 34095330

RE:any thoughts on the reason for CJ SP today ????

Cardinal provided a step by step plan to get back to paying a dividend . The pro's like a plan where management gives them a road map . They said dividend 10 times in their release .

BTE mentioned a dvidend once in their 5 yr plan preceded by the word could . Could isn't a plan .

" These could include share buy-backs, a dividend and/or reinvestment for organic growth. "

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