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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF | T.CJ.WT | T.CJ.DB

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) > NCIB VS Dividend
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Comment by w8asecon Jan 11, 2023 10:02pm
170 Views
Post# 35217398

RE:RE:NCIB VS Dividend

RE:RE:NCIB VS DividendRespecfully, you may have proven my point by using November, since WTI has dropped about 10 % and CJ has dropped by over 20%


TheWokeLemming wrote:

w8asec wrote:

NCIB is far better for shareholders than a high dividend, and I wish our Divy was 4% and the excess money went to buy and cancel shares.

 

When a company pays a huge dividend that money is gone from the company forever, (like having an added monthly debt) (EPS decreases by the divy amount) but when a company buys back and cancels shares the EPS increase, and that increase is present moving forward in every financial statement. 

 

Share price increase from a higher EPS usually, always beats the Divy.

 

Warren Buffet once mentioned that he preferred money staying with the company.



Respectufull disagree, as the NCIB hasn't bought a share since November.  At least we get some investor benefit with the divvy and a pretty nice benefit at that!  



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