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) > The dividend watch is on - there is going to be a repricing

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Post by Rational43on Jan 07, 2022 12:22pm

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Post# 34293331

The dividend watch is on - there is going to be a repricing

Next Quarter when Cardinal talks about how close they are to $100M net debt, and the market realizes the size of dividend coming their way, this one will get repriced quickly.
Can't imagine the market lets it be a dividend yield > 10%, which implies at least a $6 target price, while still paying down debt with 50% of FCF.

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