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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

Post by MohelJFoxon Mar 27, 2022 5:03am
439 Views
Post# 34549473

Oy this is some number porn !

Oy this is some number porn !

 

5c

6c

7c

8c

9c

 

$.60/yr

$.72/yr

$.84/yr

$.96/yr

$1.08/yr 

4% yield

$15

$18

$21

$24

$27

5% yield

$12

$14.4

$16.80

$19.20

$20

6% yield

$10

$12

$14

$16

$18

7% yield

$8.57

$10.28

$12

$13.71

$15.42

8% yield

$7.50

$9

$10.50

$12

$13.50

Usually dividend stocks even out to 5% for a payout ratio.
So if Cardinal commits to a sleazy (sarcancism) 5c/month dividend, theoretically we should expect the stock price to correct (catch up) to $12!
Thats a 50% gain from here, and how long do we have to wait 3 months ? 

BARGAIN BARGAIN BARGAIN BARGAIN 

Now since wti has held nicely above $100, what would Cardinal committ to for a monthly dividend ? 

Which ever number you like, follow it down to what you think the payout ratio may settle at and Viola !

I like the comfortable $16.80 estimate myself !

Ishmail Izbig

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