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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 scienceguy36on May 11, 2022 1:39pm
345 Views
Post# 34674680

Dividend discussion

Dividend discussionWhile the larger the dividend the more interest from institutional investors and consequently a rise in the stock price. But, if your like me you will sell when the price is right for you and not wait for the dividend payout. At .07 cents a share i would receive just over $1,000 dollars a month which is peanuts to what you can make in oil stocks right now by  buying the dips and selling higher. If the price is right to buy back in before the dividend payout that is what i would do and then resell. You may have to wait a week or so after the dividend date for stock to recover but at these prices it will probably do so.
Just my 2 cents but it has worked for me.
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