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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.


TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta) > Seven cent Div's got my juices flowing
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Post by DowopDowopon May 11, 2022 12:18pm
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Post# 34674322

Seven cent Div's got my juices flowing

Seven cent Div's got my juices flowingFrom the "Estimated Second Half 2022 Dividend Level Scenarios" slide. 
https://cardinalenergy.ca/wp-content/uploads/2021/11/November-2021-Winter-Presentation.pdf

Key words:
The dividend rate is expected to be fixed at the prevailing oil price at the time Phase One debt level is achieved. Below assumes that level is reached July 1, 2022.

Prevailing to me is >$90 like it has been for 3 months now. 
7 cents still only 50% payour ratio so lots of safety there.
Time to get paid. Been a long time for some us. $8.40+ SP and a 10% yeild.

Really makes me wonder about all the BS talk/ guessing by some. 
Its in black and white. ( well Red and Black).


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