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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 Sirlostaloton Jun 15, 2022 5:10pm
254 Views
Post# 34759545

RE:Plans for future shareholder returns- predictions?

RE:Plans for future shareholder returns- predictions? I suspect your prediction will be pretty close since Mgt had previously indicated 7 cents a month at 90 wti once 100m in debt reached. What I would like to see though is maintaining of the base 5 cent dividend while returning 95% of free cash flow back to shareholders on a predictable monthly or quarterly basis by way of special dividend . I simply don't have full confidence that some special taxes won't be applied to oil and gas company's and the entire thesis that " this time is different" with regard to macro oil can't be viewed as certain. Best to get as much as you can as quickly as you can. 
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