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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

Post by CountryBoy69on May 23, 2023 3:48pm
444 Views
Post# 35460772

An Observation

An Observation Nobody really posting on CJ of late and l wonder why.. l bought for the first time at $6.85  and added 1.50% more at $6.41  now at $7.21 and since l bought both in May 2023 l have yet to receive my first Dividend , and that's a welcome bonus , something on other boards l see some shareholders discount as not important. I don't , paying down debt with an excellent div is great in my mind , buying back shares in place of the div is not. It might reward mgmt but not us. I would think we as shareholders buying a stocks know where we would like to employ our divs not being at the mercy of Mgmt and the market. The Market is quite capable of going up 20% or down 20% but money reinvested over a year results in 10% extra shares and hence 10% more in divs. Seems simple math and it is.
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