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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 ygdrasilon Mar 01, 2022 10:11pm
281 Views
Post# 34473522

RE:RE:RE:RE:How much is enough ?

RE:RE:RE:RE:How much is enough ?For every shareholder willing to sell, there will be 2 ecstatic to buy shares of a company with no debt and sky high profits. Be patient. If you're not getting the money in dividends, you'll get it in terms of share price. Share price drops with every dividend. Share price rises if a company is printing money and keeping it. Just look at Apple over the past few years.

ronz wrote: Plain and simple, it doesnt really matter what you or I say, but if they dont address the dividend soon with profits, share price this high and a price of oil over $100+ per barrel of oil, this will get abandoned by shareholders because it speaks volumes that they don't care about their very patient investors. All of the other stocks out there from the canadian oil markets are providing dividends to their share holders. Anything else shows greed and total disrespect to the share holders. 
Many other companies out there are providing a dividend with a much higher debt level, so having a debt level of 100 million is actually very low when compared to a lot of the others who are taking care of their share holders. It's time!



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