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) > Tomorrow’s news expectations

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Comment by sclardaon Sep 09, 2022 3:18am

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Post# 34951371

RE:RE:Tomorrow’s news expectations

Winnipeg40 wrote

I am thinking that with the downdraft of oil prices, they will not increase the dividend, but they may quietly purchase another block of shares. It is highly likely they are at the debt level to increase shareholder returns and I believe debt free by year end is realistic if oil holds about 70

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Buy back a block of shares, pay current dividend and increased capex and be debt free by the end of this year at $70 oil?

Okay

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