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

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Comment by Appreciation777on Dec 19, 2023 9:26pm

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Post# 35792982

RE:Dividend

Well managed with good track record and with oil above $55, they will still make money, at least above breakeven point
Dividend yield, 11.61%
Ex-Dividend date- Dec 28, 2023
Payment Date- Jan 15, 2024
Pay Ratio- 58.06%
Price target- $7.48 to $9 by various institutions
Quarterly revenue 170.45 M

Take a look at RSI with some potentiality there for a nice profit once they settle the contract negotiations, I think soon as government mediator has been appointed and is working very hard at it.

I am only a shareholder. I maybe bias as I have Skin in the game in both companies. GTLA

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