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) > jonathan Smart

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Comment by loopsbutterflyon Mar 04, 2024 10:46pm

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Post# 35914922

RE:RE:jonathan Smart

I think you have it wrong...

1-Cardinal will use debt for SAGD project not also for the dividend

2-Cardinal will use cash flow for the dividend and the capex

if wti go down they will cut the capex in order to maintain the dividend for the shareholders

as far as they can repay the debt and they can cut the capex if wti go down they will be able to keep the dividend safe.

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