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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 May 12, 2022 11:30am
152 Views
Post# 34677959

RE:RE:Dividends are very important now

RE:RE:Dividends are very important now

I don't feel that way, I think the oil bulls, the Nutall cult were looking for the holy grail this earnings season, only to be disappointed by several companies.

Baytex,Tamarack and others maybe increased their dividend a hair, "applied" for a NCIB, or simply kept the course.
Heck, I haven't looked into it yet, but it appears CPG actually added shares to their float , all while claiming a NCIB ?

So If something stands out, (not a penny a 1/4 divi like GXE), it's going to get loved!

I can't think of another company that will come close to the returns if we see even 5c/M. What's the next closest, Tourmaline ?

And hopefully you don't think I'm focused on just the dividend, it's quite obvious the SP will take care of itself accordingly.
 

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