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.

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Cardinal Energy Ltd (Alberta) > anyone think CJ will announce a dividend on Nov 4 2021 ?

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Comment by forecast123on Oct 28, 2021 5:49pm

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Post# 34060938

RE:RE:RE:RE:anyone think CJ will announce a dividend on Nov 4 2021 ?

Probably what Eric Nuttall advocate ....somewhat close to a "5% base dividend and at least 10% NCIB".... I suspect it will be a monthly dividend of 0.015$ (4% dividend) and 10% NCIB... Ninepoint is second largest holder of CJ shares, so the fact that they stay with CJ investment is good clue that they are in line with Eric's advocate.....

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