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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 Binkieon Apr 23, 2022 1:53pm
222 Views
Post# 34626385

RE:Targets

RE:TargetsIf they do initiate a .07/month dividend or $.84 per year, that's 12% on a $7 stock. Market generally drives dividend yield to 7% or less which would have the effect off driving the share price to $12 as a7% yield is $.84 yield. No guarantees on either the amount of the dividend or the market response but it does allow us to make a reasonable projection and provides yet another way of predicting future valuation in this fiscal year. 
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