Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

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.

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Cardinal Energy Ltd (Alberta)

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Comment by dalerules88on Nov 03, 2018 7:50pm

135 Views

Post# 28920132

RE:RE:Dividend

buyback or divvy is probably a tossup ... for existing shareholders anyway ..

if they cut the divvy and do buyback, SP will get hurt more, than if they go the other way around, keep the divvy and skip buyback.

Then anybody already invested can take the divvy and buy more share, i.e. "self directed" buyback, if you will

so, again, for existing shareholders, it's six of one, half dozen the other ..

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