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 forecast123on Nov 26, 2018 4:00pm

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Post# 29023395

RE:RE:RE:RE:Dividend Cut

I was replied by another poster that the 3rd royalty sales was done and used to improve net debt in Sep 2018.... So there is a royalty sales, debt position is improved and . the shareholders have to have their dividend reduced . Felt it unbelievable that last 2 years when WTI is in 50 $s and yet there is no dividend reduction and the co has survived with no dividend reduction and now considering a dividend reduction !!!!

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