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 vwbusmanon Dec 16, 2022 6:43am

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Post# 35175116

RE:RE:RE:RE:RE:Dividend increase for 2023

I wonder if the variable / special dividend is the route that will be taken on a quarterly basis instead of an increase to the base dividend.

It would make sense as a tool to adjust to the oil price swings and it would avoid the negative fallout if they ever had to cut the base dividend.

It seems like a few more players out there are leaning on the variable dividend model to retain flexibility.

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