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.

TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta) > Dividend Safety

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Comment by Sirlostaloton Mar 17, 2023 10:38am

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Post# 35344830

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

Hello, not saying you are wrong but just wondering what the catalyst would be to supercharge the share price after a dividend cut ? , CJs strengths seem to be a high dividend and management consideration for shareholders , the stock isn't dirt cheap and the company doesn't have huge clearwater plays etc , if they were to cut down to 4 cents and provide a 6/7 % yield I would be looking at BCE or Enbridge , to a retired person living on dividends that extra 4% is huge. Good luck to all

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