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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 Mar 01, 2022 8:25pm
274 Views
Post# 34473305

RE:RE:RE:How much is enough ?

RE:RE:RE:How much is enough ?Plain and simple, it doesnt really matter what you or I say, but if they dont address the dividend soon with profits, share price this high and a price of oil over $100+ per barrel of oil, this will get abandoned by shareholders because it speaks volumes that they don't care about their very patient investors. All of the other stocks out there from the canadian oil markets are providing dividends to their share holders. Anything else shows greed and total disrespect to the share holders. 
Many other companies out there are providing a dividend with a much higher debt level, so having a debt level of 100 million is actually very low when compared to a lot of the others who are taking care of their share holders. It's time!

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