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) > Targets

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Comment by Rileym7833on Apr 25, 2022 10:26am

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Post# 34628747

RE:RE:Targets

I must be missing something because the latest report mentions 50% of free cash flow going to dividend at phase 2 on pages 12-13. $233m cash flow at $90 oil means $116m for the dividend (>10% of market cap). We're still above $90 oil btw. https://cardinalenergy.ca/wp-content/uploads/2022/03/April-2022-Corporate-Presentation.pdf

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