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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) > It’s officially a 10% divvy!
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Comment by JayBankson Dec 09, 2022 2:15pm
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Post# 35162345

RE:RE:It’s officially a 10% divvy!

RE:RE:It’s officially a 10% divvy!I just filled for anouther 1000 shares...

I believe when we finally get this debt free announcement we are waiting for, they will also announce a dividend hike to 8 cents also, with the rest of the 50% return to shareholders being buybacks as required when prudent...

I'm not worried about this oil pullback, tho it might be a month or 2 before we start anouther upward move in both oil and the share price...
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