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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 madmax90on Mar 19, 2019 7:44pm
149 Views
Post# 29508312

RE:Highlights - Dividend going up shortly IMO

RE:Highlights - Dividend going up shortly IMOI Don't see them increasing the dividend until there is some forward visibility for oil prices to remain stable in the current price range.&nbsp;<br /> <br /> Im most impressed by the fact they ended the year in the year in the black along with a 3% decrease in bank debt.&nbsp;<br /> <br /> If they were to increase the div, it would expect a meager 50% increase, not an increase back to 3.5c/mo. All they have to do now is just maintain the momentum and give themselves some more breathing room. At that point they could increase the div back to 3.5 or maybe even a nice 4c/mo. Doing that will merit a share price of $6.
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