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) > Dividend in this market is everything

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Post by MrICEon May 09, 2022 4:56pm

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Post# 34668519

Dividend in this market is everything

Cardinal and all the Canadian oil companies are making ridiculous amounts of free cash flow.

I’m Patient to wait out share price appreciation. Dividends will just make it easier.Cardinal will let us know Thursday night to see how big div is going to be. I'm thinking they will do what they said 7 cents with parameters on the next increase.
Management has the opportunity to put themselves on the map. Let's be the first one to actually get close to a Double digit dividend. The other small oil companies need to chase us.let's set the bar.

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