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) > Dividend increase for 2023

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Comment by Konaboyon Dec 15, 2022 2:43pm

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Post# 35173946

RE:Dividend increase for 2023

Hmmmm .... no, don't think so.

Unless we get to a steady 85+ WTI and the WCS spread shrinks, we are looking at capex cuts to save the current dividend.

Not happy with the almost 10% we are already getting?

red2000 wrote: Probably a steady a penny per share per quarter for 2023 !
Enough to finish the year at 0,10 per share with no more LT Debt !!!

It seems obvious to me ... and you ?
See below !