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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 02, 2022 8:57pm
319 Views
Post# 34477457

RE:Two interesting points from Eric's webinar today

RE:Two interesting points from Eric's webinar todayThis was my point from the other day... before I got slammed for even suggesting it. Since there are so many other companies in this sector either raising their current dividend or otherwise promising to reinstate their dividend, those companies that don't follow through with their dividend or choose to not have one for now are putting themselves at a serious disadvantage. 
Don't slam me for bringing up a valid point but this is worth the discussion....
Is Cardinal hurting themselves by not getting this dividend up and going when so much of their competition are already doing one and doing it with a heck of a lot more debt than we currently have...
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