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) > Limited damage according to Iran?

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Comment by VeritasVernon Oct 29, 2024 11:52am

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Post# 36286901

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Limited damage according to Iran?

Quixotic, the point is, which you have trouble grasping, is that using credit to sustain the dividend is not the reason for the price decline currently as the decline is - driven by falling oil prices. But the point is: if we have to resort to using credit..to sustain the dividend then down she goes from $6.40 to...$3, $4, $5? If they do lower the dividend the same thing happens.

Let that sink in - Bud

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