Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF | T.CJ.WT | T.CJ.DB

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.

TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta)

Bullboard Posts

Comment by oilyexecon Nov 26, 2018 9:38am

168 Views

Post# 29020671

RE:RE:RE:New to CJ

Jan 2016. CJ SP = $7 with $0.07/mo div = 12% yield

cut div 50% = 6% yield

WTI = $26 and WCS = $16 (diff $10) and Edm Lite = $22 ($4 diff)

Current yield = 14.3%

Is CJ in a better or worse price environment today?

Is the div reasonable considering oil prices for next 2-3 years?

Is the balance sheet financing the high div?

has mgmt's strategy/philosophy changed over the past 3 years??

Bullboard Posts

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