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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 JohnnyDoeon Nov 17, 2022 6:20am
153 Views
Post# 35105876

RE:RE:CJ Doubling there shareholders returns next year !

RE:RE:CJ Doubling there shareholders returns next year !
geric wrote: Are you referring to the fall/winter presentation?  I've read through it and do not see where they "state" they are doubling shareholder returns.  There is a chart which shows possibly a 25-30% increase.  Have I missed something in the report?


I don't see the doubling either. I did see the chart you're referencing showing the 25-30%. I'll caution people that doesn't mean a potential 30% increase in dividends. That's on a full year basis. They didn't pay a divvy for all of 2022. 1 cent a month increase might be all it takes to achieve a 30% annualized increase. I also don't think there's sufficient cash flow to raise the dividend much beyond where it is without a production increase
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