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) > Phase 1 Net Dept Target date prediction

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Comment by Kontraryon Feb 16, 2022 1:04am

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Post# 34432599

RE:RE:Phase 1 Net Dept Target date prediction

Keep in mind that Q1 earnings don't come out until May.

Rational43 wrote: That math lines up pretty well with my calculations, but at $90 WTI that would be a 84 cent annual dividend.
I think a 10% yield is about right (as the market will always be doubtful on oil prices), so that would be ~ $8.40 a share.

The Q1 earnings call should make this pretty real, unless they put out a Spring Corporate presentation and talk about it.