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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 navajojoeon Jun 29, 2023 9:51am
223 Views
Post# 35520281

RE:RE:NCIB RENEWED!!

RE:RE:NCIB RENEWED!!What you don't seem to understand is that dividends remove value from the share price.

Buying back shares reduces the number outstanding, making the remaining shares worth more.

Putting money into the ground adds value through increased reserves. Same with building infrastructure.

Rookie mistake thinking dividends are the best way to add value.
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