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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.


TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta) > Strange trading last two days!
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Comment by JayBankson Sep 14, 2023 4:30pm
245 Views
Post# 35637009

RE:RE:RE:RE:Strange trading last two days!

RE:RE:RE:RE:Strange trading last two days!Ummm... your extreamly wrong on that...

The extra penny of the dividend costs the company around $19 million per year, and as per the last Finacials they have $53.1 million in bank debt ($76.2 Net Debt)...

Unless the world of maths has changed that I don't know about:
53.1 minus 19 does not equal 0...
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