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.

TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta) > Dividend may not come until Q3

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Comment by Rileym7833on May 02, 2022 8:47pm

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Post# 34649700

RE:RE:RE:Dividend may not come until Q3

It might not start right away but I'm willing to bet the news on the 12th sends this flying. It's a small cap overlooked by most and I get the idea a lot of people overlook future plans. It's the dividend announcements and payouts that will be the catalysts. Everyone knew what commodities were doing and even suncor/cenovus jumped over 10% on the news. This stock has no volume so it won't take much.

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