Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by Rileym7833on Jun 10, 2022 4:18pm
322 Views
Post# 34748252

RE:Thoughts to increase shareholder value

RE:Thoughts to increase shareholder valueI agree with increasing the dividend and using buybacks to reduce the future liability of having to cut the dividend. The existing dividend is sustainable at $55wti and I have to wonder if management will try to keep that benchmark. I can't see them getting too focused on a specific yield due to volatility. Buybacks might help with volatility, like whitecaps, I can't see management being too concerned about that however. Assuming after the debt is gone, buying back 10% of the shares would allow a 10% increase in the dividend while maintaining $55wti sustainability. I'd like to see them introduce a higher dividend sustainability level, maybe $70wti. People are paying over $15 for $70 wti futures calls as far out as Dec '27. There's also a possibility of special dividends, management has been a bit vague and I don't blame them, crazy times.
<< Previous
Bullboard Posts
Next >>