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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 JayBankson Jul 23, 2022 6:17pm
270 Views
Post# 34845814

RE:Good Read about Upcoming Earnings

RE:Good Read about Upcoming Earnings

CJInvestor wrote: Although personally I think CJ should focus on share buyback over a div increase so soon...

https://ca.finance.yahoo.com/news/cardinal-energy-tsx-cj-expect-124111126.html

 

That article gave us no info we haven't already been discussing, it just continues the 'echo chamber' we are already in here...

The dividend increase was already guided by management in the plan forward, for them not to increase it would go against thier own words...

The question becomes how big do they go?

They already came in light at 5 cents on entry citing safety to $50/oil... I can continue to see they going light on the increase, but is that 2,3 or 4 cents... I'm working with an expected 2 cent increase in my projected plan for safety... but I believe they could easily do 9-10 cents and still be very safe...

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