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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 steve957on Nov 09, 2022 9:08am
143 Views
Post# 35084790

48 million returned to shareholders in Q3

48 million returned to shareholders in Q3yeah they could have paid off more then half of the debt last quarter but spent it on share buy backs which is alright by me,,,,the small debt is almost not even mentionable when they have guiede @ 80 dollar oil,,, seems like CJ is leading the pack in terms of debt reduction and returns to share holders, 48 million dollars returned to shareholders in Q3,, if that was all in cash that would be roughly 0.30 cents a share for q 3 ,,,,you know CJ is moving in the right direction when you can pay out cash like that 
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