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Bullboard - Stock Discussion Forum 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... see more

TSX:CJ - Post Discussion

Cardinal Energy Ltd (Alberta) > Dividend needs to be Re-instated!
View:
Post by ronz on May 07, 2021 9:49pm

Dividend needs to be Re-instated!

The dividend needs to be re-instated since this is and has always been a dividend driven stock and now that the company has obviously recovered from the oil down turn from last year, this needs to re-instate it as soon as possible. The company is making money again and doing very well and it is time to get back to the basics that made this company what it was and brought in investors that wanted a dividend driven company that they were putting their money into. Assuming they can still pay off debt, and the share price is in the $3 per share amount, they need to let this company go! 
If the company is doing this well, the share holders should be rewarded.
Comment by forecast123 on May 09, 2021 1:10pm
I think if CJ SP has stabilised above 4$ for awhile, a dividend of yield 3% (0.01$ per share per month) is quite reasonable...It will probably be after one or two quarters to reach that SP level...  Yes, CJ had been a stock with dividend yield upon the years up to when it was stopped at start of pandemic and at that time they promised a re-visit to reinstate the dividend upon review.
Comment by antonaki1 on May 09, 2021 6:43pm
This post has been removed in accordance with Community Policy
Comment by ronz on May 09, 2021 8:27pm
We are higher now then before the pandemic hit. To not reinstate the dividend now is opertunistic and irresponsible to the shareholders that you promised to reinstate it to. There is more than enough profit to be doing both debt payment and dividends to its very patient investors who literally been to hell and back! 
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