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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 rodster55on Jul 11, 2021 11:33am
238 Views
Post# 33527657

RE:RE:RE:RE:Two outta three aint bad .......

RE:RE:RE:RE:Two outta three aint bad .......3.  As the two other responses were not bashes technically ?  What both posts confirm that Cardinal Energy has one of the lowest decline rates in the industry.  They claim to be a dividend paying company but only pay out to management and banks ! Management had nill hedges going into the biggest oil price decline in history.  It is not managements job to provide a secure cash flow to sustain dividend payouts ?  Where are the hedges going forward and when does the dividend start at 10 % ?  Management has failed to deliver a cash paying dividend company and drove the shareprice to forty cents !  What is the plan going forward, I cannot believe that more retail shareholders did not vote against executive compensation. Although it was around 3% on 49 million share count I guess it could of been 55% if the retail voted.  Talk is cheap as they say !!!!!!!!!!!!!!!!!!


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