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.

TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta)

Bullboard Posts

Comment by TheInsideron Apr 12, 2019 11:52am

140 Views

Post# 29618929

RE:RE:To close the door until 2020 is unacceptable

Don2018 wrote:

Cardboard1 wrote:
That was really the issue that I had with this dividend increase announcement.

Not only is this mere increase not effective right away while they have the cash and is tiny or $7 million for a full year, to not even allow for reconsidering another hike later this year as it becomes obvious that their pricing assumptions (both WTI and WCS) could be wrong is truly dumb and a slap in the face of investors who have been cut their income while where is the G&A cut?

The board approves the dividend each month. Is it too much to ask for them to reconsider another increase at a later date?

And why wait for August to provide the increase? If you go back to read the December press release and to see what they are offering now it is truly pathetic.

It is still a cheap stock but, the discount to others will remain with such behaviour and still way higher than normal operating costs. They spent a lot of money last year on power generation and blending facilities and we were told in Q3 that benefits would be obvious in Q1. Now we are being told that reactivation will increase opex by around $3 vs normal in Q1 and after that we should see a return to about same level as last year?

CJ; over promise, under deliver

SGY; under promise, over deliver

No-brainer