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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 Apr 12, 2022 7:22pm
196 Views
Post# 34598620

RE:Dividend payouts at certain wti levels

RE:Dividend payouts at certain wti levels

Sirlostalot wrote: CJ has a slide in one of the presentations or quarterly reports that gave a certain per month dividend given a certain wti price, 90 wti was 7 cents per share per month once 100 million debt level met , this slide doesn't seem anywhere to be found anymore unless I just missed it. Anyone aware of any changes to plan ?

 

This has been addressed already, Larry from IR left it out by accident. There's Twitter posts claiming it was an oversight and nothing has changed.
And honestly why would it, Cardinal is beating their estimates the same day they print them. The need to add a few more columns past the 7c/ share. 

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