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) > Good Read about Upcoming Earnings

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Comment by Moremoney4uon Jul 24, 2022 7:07am

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Post# 34846076

RE:RE:RE:RE:Good Read about Upcoming Earnings

I like your math, its seems pretty plausible. They will have a great quarter coming up, the DIVY should go up and if you figure for they increase it by 2 cents , that translates into 3.50 per share increase to maintain that 8 % yield. Either way, if they pay down debt.to bring it to ZERO, buy up shares, which is more likely, or increase divy, ITS all good, also drill more wells and take advantage of the situation. WAIT and get paid, NICE. These dips are time to load up .

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