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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil 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. Its Midale operating area of over 730 million barrels of original oil in place (OOIP) and its low decline in production of 3,200 barrels of oil equivalent per day (boe/d) (net) is supported by both waterflood and CO2 enhanced oil recovery. 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 OOIP pools. Its North area includes Grande Prairie, Clearwater and other properties.


TSX:CJ - Post by User

Comment by Trader.xon Aug 03, 2017 9:49am
108 Views
Post# 26542274

RE:RE:RE:RBC

RE:RE:RE:RBCI agree with you. I e mailed CJ with a few questions but they never got back to me. I think people are worried about their payout which was 150% last quarter or six months. That was terrible and all,this time they are saying the dividend is safe. The smartest thing they can do is lower the dividend to about .02 and make the business model sustainable. Right now it seems it's more hope then reality.
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