Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

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.

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Cardinal Energy Ltd (Alberta) > CJ about to unveil a double digit yield

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Comment by Rileym7833on Apr 20, 2022 12:10am

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RE:RE:RE:RE:RE:CJ about to unveil a double digit yield

Agreed Q2 stomps Q1. Ultimately I'm thinking second debt target and dividend boost by the end of the year. Q2-4 doing some heavy debt repayment. The consensus seems to be that we are below 100m debt and the prevailing oil price is >100. It's hard to know what management will do with the dividend. I'm betting $0.07/month. The bottom line is that we are shareholders of huge cash flow and it's about to start hitting the bank.

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