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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

TSX:CJ - Post Discussion

Cardinal Energy Ltd (Alberta) > Great results!
View:
Post by Iluvyellowsnow on Jul 28, 2022 7:54pm

Great results!

Net debt down to $62 million, earnings per share 64 cent (expectations were for 41 - 46 cents). They really blew it out of the park.
Comment by blackace on Jul 28, 2022 8:15pm
They crushed it.  $0.63 vs. $0.42 expected.  Amazing.  They will increase the divy at the end of the 3rd quarter (pending stable/current WTI price) as stated.  Already paying 7% divy whereas many others are paying ZERO.
Comment by Iluvyellowsnow on Jul 28, 2022 8:26pm
No, they said they will increase the divi IN (not the end of) the 3rd quarter meaning it could be anytime once they reach their $50 million net debt target.
Cardinal Energy Ltd (Alberta)