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Bullboard - Stock Discussion Forum 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... see more

TSX:CJ - Post Discussion

View:
Post by RusticHit on Jul 27, 2022 12:55pm

7 Cents

looks like  7 cents leaked
Comment by egee on Jul 27, 2022 1:19pm
.075 to be precise 
Comment by JayBanks on Jul 27, 2022 1:34pm
  Do we have a link or source?
Comment by JayBanks on Jul 28, 2022 8:12pm
Seems like this was a fail... I expected the increase on earnings myself too, but they say they will look at it next quarter... maybe the increase will be an off quarter announcement... Theoretically, they had 103,318 in FCF the past 3 months = that's 34,440/month, if 50% is going to debt = 17,220 , that would mean they are below the 50 million noted end of this month..
Comment by 7Twiggy on Jul 28, 2022 8:17pm
If that was a fail. I would like to see a win. Fantastic results and it is just going to get better, I came to the same conclusion about debt. I think Cardinal will be out of debt well before year end. 
Comment by JayBanks on Jul 28, 2022 8:51pm
  Yea I was referring to the leak of the dividend increasing was the 'fail' by the 2 posters, I asked for a source and got no response... I'm very pleased with the results, as all are, but I'm always hunting news of my dividend increasing, how well the results look was pretty much expected for myself so that wasn't too interesting. Increasing the Capex was an ...more  
Comment by pkrash on Jul 28, 2022 8:36pm
Fail? Please just sell your shares at the open tomorrow (if you really have any) and leave. This company is pi$$ing cash and will be debt free before the end of 2022.
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