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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 senzzzzzon Jun 25, 2022 12:25pm
424 Views
Post# 34782352

Dividend after phase 2

Dividend after phase 2Simple math dictates that if the monthly dividend is doubled to .10 per month once phase 2 goal of 50m debt is reached the div yield will be: 1.20 annual yield / 7.08 current share price = 16.9% dividend yield. There is no chance the share price will be staying this low. Even at $15 a share that means an 8% yield. Am I missing anything? This is an absolute screaming buy. This assumes oil prices stay at current levels and CJ doesnt do something stupid with the cash flow.
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