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)

Bullboard Posts

Comment by dalerules88on Nov 03, 2018 7:54pm

169 Views

Post# 28920141

RE:RE:RE:Dividend

not enough money to do all above;

IMO skip the buyback and the the long-term cost saving capex and keep at least some, if not all of the divvy

long term, the cost saving capex will bear most fruit - even the debt at 1.6x CF next year is not bad at all, nearly in line with peers, so improving efficiencies at this point is the wisest money spend, IMO (I mean capital projects like the hydro, not drilling) which is exactly what they said they will do

Bullboard Posts

@ the Bell: TSX advances to start off Christmas trading week