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) > Comparing share count

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Comment by JohnnyDoeon May 12, 2022 11:38pm

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Post# 34680287

RE:Comparing share count

TheWokeLemming wrote: WCP 626 million
CPG 572
BTE 569
TVE 434
CJ 152 million!

No share buybacks needed! Just pay out that divvy!
This should be a $10 share price easy.

at a 5% dividend yield, it's a 12 dollar stock and the dividend is safe at 45 wti. When they finish paying debt they've indicated the ability to pay a higher dividend at lower sustaining wti price. There's reason to believe this goes to a 16 - 20 dollar stock within a year

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