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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 MohelJFoxon Apr 04, 2022 1:56pm
246 Views
Post# 34573838

RE:RE:10% yield t-minus 2 months

RE:RE:10% yield t-minus 2 months

Oh sleeping ?
No problem, they have a website !
The March corporate update stated once they reach at bank debt of under 100$ million, they will announce the dates of their dividend May 12th.

Guess what?  With simple math, given the average wti prices since the year end financials,  they've achieved that status! Yay!
Do you doubt they haven't ?

Also in the March corporate update, they've stated that at an average of $90 wti the monthly dividend will = .07c! Remember we averaged so far + $93 !

Now some say the dividend isn't coming until July.

This is false! 

The wording clearly says:
"The dividend is expected to be fixed at the prevailing oil price (+$93) at the time phase one debt level is achieved (now). Below assumes that debt level is reached July 1 2022" (we beat that already by a mile)

So when ?

May 12th will give us the details. But waiting until July is poppycock !

I'm going to throw a dart and say May 29th, mark it !

 

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