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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

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

Comment by JohnnyDoeon Jan 09, 2023 6:51am
230 Views
Post# 35210482

RE:RE:RE:Dividend

RE:RE:RE:Dividend
egee wrote: Solid reply, just puts me at ease(if it plays out the way we anticipate). Maybe just a bit antsy for results
and my jan15 Div 


Egee, if you have a large position and want your mind at ease, I suggest that you contact IR and ask your question rather than looking for that information on a bulletin board

What they'll likely tell you is that the dividend is sustainable over the short term with oil prices in the high 60s but if oil were to remain in the 60s they'll eventually need to make some adjustments to either capex or the dividend itself. That's what they told me and nothing material has changed since they told me so I expect that information to be accurate

Cheers 
 
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