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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 Rational43on Apr 26, 2022 4:31pm
286 Views
Post# 34633613

CJ better not limp out on our dividend

CJ better not limp out on our dividend50% of FCF once you hit $100M debt CJ, that's what you've said the whole time.

You should be at $100M by end of May.    

You put FCF on the screen, At $100 oil our 50% is a 96 cent dividend, at $90 is 84 cents.

CJ better be delivering a double digit dividend yield to start by end of June.  


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