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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 MohelJFoxon Mar 31, 2022 1:25am
205 Views
Post# 34561888

RE:Rabbit Hole

RE:Rabbit Hole

Well done, I like it. Now everyone buys sells and holds for whatever reason they choose.

Myself at this moment, and this is just my hunch, i feel there will be a special news release.

"Cardinal energy is pleased to announce it has entered into the next phase of debt level repayment and wishes to distribute a one time special dividend of 3c, followed by the commencement of its floating monthly dividend. The first dividend will be set at .07c for the month of (April, May?) and continue monthly after that"

I cannot see them waiting another three full months, (June/July) of being under the $100 million bar without a payout.

Their timeline and wording is based off of debt level "phase 1 debt level achievement" not a specified date or scheduled news release. 

That's just my thinking. Any day could be that pot of gold announcement.

 Did I let the cat out of the bag im long ?

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