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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

Post by scienceguy36on Jun 10, 2022 3:55pm
441 Views
Post# 34748176

Thoughts to increase shareholder value

Thoughts to increase shareholder valueMy thoughts on how to enhance shareholder value with the FCF. And these are conservative and assuming WTI stays above $90 for the next 2 years. As the share price increases the dividend yield decreases, so to keep pace with the upward SP, increase the dividend 1% per quarter maintaining at least a 6% yield. Also, buyback NCIB 1 million shares per quarter as this will increase the SP but less shares less dividend payout. I believe this can be acccomplished starting 3rd quarter and still be debt free by the end of 2022. Starting in 2023 if oil stays above 90wti extra FCF can start to be used for additional growth opportunities while still paying a 6% dividend and buyback 1,000,000 shares quarterly. I would expect this scenario to increase the SP incrementally and by end of 2022 to be around $12 or $13 dollars.
Starting in 2023 with the extra FCF and being debt free, the potential for shareholder returns with the dividend and incremental SP increases with the NCIB, this stock will be on a solid foundation for future growth while still rewarding investors with very good returns.
Just thinking out loud!
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