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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 JohnnyDoeon Mar 17, 2023 6:49am
133 Views
Post# 35344343

RE:RE:RE:RE:RE:Dividend Safety

RE:RE:RE:RE:RE:Dividend SafetySee the problem is  sclarda loses respect when he incorrectly uses terminology

He's consistently misused terminology that the company defines in their releases. And now, with this series of posts, he's spewing out that the company needs 80 wti to "break even" 

That's hogwash. Personally I think I'd be happier with 4 cents a month dividend and special dividends from time to time, but saying they need 80 to break even is one of two things: 
1. A deliberate misrepresentation 
2. The inability to understand financial statements
 
I can't think of a 3rd possibility, and taking financial input from someone that has either the first or second thing going on ... Well, that's just not for me. 

If anyone is wondering about the stability of the dividend, I'd recommend writing IR and asking. They will explain the variables involved. And they won't tell you that they need 80 dollar oil to break even. 
 
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