Bullboard - Stock Discussion Forum 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... see more

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Cardinal Energy Ltd (Alberta) > Future Dividend

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Post by Wildstar82 on Nov 08, 2021 10:06am

Future Dividend

A lot of guys on this board are a lot smarter than I. Has anyone done the math on what the initial dividend rate could be when/if it is enacted in mid-2022 based on the plan put out last week and projected earnings based on actual WTI pricing?

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Comment by divime1 on Nov 08, 2021 10:33am

The RBC Upgrade has the dividend reinstated in Q2 / 22 at an annual raatee of .48 . My .57 shares would give an unbelievable yield of 84 % .

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Comment by Wildstar82 on Nov 08, 2021 11:35am

That would be phenomenal for you, but I can't imagine the rate would be that high starting out. That's over 9% at today's share price. The share price should be quite a bit higher by then though. I'd think the rate would be half that.

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