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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) > Dividend safety
View:
Post by Sirlostalot on Sep 14, 2022 6:16am

Dividend safety

Does anyone have a rough guess what the minimum WTI level the 6 cent a month dividend would be safely covered  at once CJ is debt free, contemplating moving all TVE investments over since the delta stream debacle. Very sharp contrast between these two companies with regard to respect for shareholders.
Comment by mckayk3 on Sep 14, 2022 6:29am
All we know is that the company announced the $0.05/month divy was fully funded at $55 WTI. With ~156M shares, a $0.01 increase/month costs 1.56M monthly (or 4.68M quarterly). 2022 Q1 posted a 86.6M FCF at avg $94 WTI 2022 Q2 posted a 128.3M FCF at avg $108 WTI So yes it looks safe.  
Cardinal Energy Ltd (Alberta)
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