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 OOU812on Apr 03, 2019 10:50pm

95 Views

Post# 29579938

RE:RE:no more excuse NOW! Dividend should go back to 3.5cents!

I wish these guys would do a little more cost-cutting and a little less hedging.
A good chunk of their free cash flow keeps getting eaten up by hedging losses.
Lean and mean,a small dividend (1.5 cents/month) and forget about hedging.
At the end of the year use half of remaining free cash flow for debt repayment and
the other half for a lump sum year end dividend.

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