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)

Bullboard Posts

Comment by yggdrasilllon Sep 02, 2020 10:47am

143 Views

Post# 31493781

RE:RE:RE:RE:10% Salary Reinstatement

At this point, I'd rather the company just pay down more debt so that they can come out stronger with a more stable dividend. Reinstating a dividend now would just give the shorters more fuel. The shareprice is just so low, they need a few solid quarters at $60 WTI before thinking of a dividend.

JohnBP1 wrote: Yep good news I think, now they have to do something for us shareholders that have stuck with them through this. Even a small divi would boost the stock.. Hey CJ SMALL DIVI PLEASE...

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