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) > Net debt versus total debt

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Comment by Coolsonon Feb 15, 2023 10:41am

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Post# 35287299

RE:Net debt versus total debt

I could not agree with you more. At 80$ level it is impossible to pay down debt in 2023. Dividend is stable and if anything maybe small special dividend will be announced. No increases in dividend in 2023 at 80$ WTI. If we cross 90$ it will be different story. 42 million is not much, many said that it will be paid off in 1 quater but it looks like it will be long story not short. They should not increase dividend untill net debt issue is addressed.

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