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 Safety

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Comment by masfortunaon Mar 20, 2023 2:48pm

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Post# 35349517

RE:RE:RE:RE:RE:RE:RE:Dividend Safety

Hello Riski,
I see you are here as well. The company will not touch the divy unless we go into a protracted bear market for energy. By that, I mean 1year+. Companies do not touch divies because of a 1 week drop in the oil markets. I would think that IF at this time next year, oil is below $60 a barrel, then they may consider cutting.

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