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) > Share buy backs

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Comment by MadeInHeavenon Jul 17, 2022 6:35pm

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Post# 34830141

RE:RE:RE:RE:RE:RE:Share buy backs

You all miss the point. If company buyback 10% in ideal scenario based on the same market cap price should go up 11.1% if 20% price up 25% if 30% buyback price should go up by 43% etc this is advantage over dividend that share price increase goes parabolic if company buys back 90 % of the shares price should be up 900%.

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