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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) > If you think tonight’s ER will rock, imagine 2023 ?
View:
Post by MohelJFox on May 12, 2022 11:58am

If you think tonight’s ER will rock, imagine 2023 ?

They will further increase their dividend !

And they were saying this without even calculating 100$ + oil!

Dare to dream what this could be 75%, more ?

 

Phase Three: Increase returns to shareholders
Once Bank Debt is reduced to $50 MM, we will alter allocations, increasing amount allocated to Dividends and also adding allocation to larger ARO and ESG projects.
Comment by masfortuna on May 12, 2022 1:58pm
Sounds great but oil is now green and ALL oil stocks are down 3-7%.  Go figure eh?
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