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.

TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta) > Where did mgmt say they'd increase dividends with debt <50

<< Previous

Bullboard Posts

Next >>

Comment by CJInvestoron Aug 24, 2022 12:36pm

132 Views

Post# 34917423

RE:RE:Where did mgmt say they'd increase dividends with debt <50

I read the same report as everyone else. And the last time I checked the definition of revisit, it meant to reconsider or re evaluate from a different perspective. No where does revisit mean100 percent promise to increase the dividend. I am sure they will take into consideration the current stock yield. If the stock is stuck where it is now then it makes no sense to me to increase the dividend to a crazy yield of over 10 percent. That would be like a broken REIT lol

<< Previous

Bullboard Posts

Next >>

Viva Gold brings new drill program and updated PEA to Nevada project