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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 ronzon Feb 25, 2022 10:03pm
353 Views
Post# 34463798

RE:RE:RE:Operational and reserves Update

RE:RE:RE:Operational and reserves Update This company has done incredible things, however, they seriously need to reinstate the divident to a fair and equitable amount. The competition aka the other canadian oil companies that actually matter have all basically committed to paying down debt, as well as paying out respectable dividends and doing some type of share buy back. The dividend is long over due to make a come back asap here. We are losing investment everyday that we do not offer this as so many others have already gone back to this to appease the very patient share holders. Time to anti up as we have been more than patient.
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