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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) > 6 cent divi safe in the $60's?
View:
Post by senzzzzz on Dec 07, 2022 12:31pm

6 cent divi safe in the $60's?

That would be awful to have to cut the dividend after only a few months of paying out.
Comment by caretired1 on Dec 07, 2022 1:46pm
You need to decide what capex is the minimum. If capex is zero in 2023 the company could pay the 6 cent dividend at $60 oil, their numbers say. For every $7 million in capex they need another $1 of oil price they say
Comment by RusticHit on Dec 07, 2022 2:02pm
At 73 strip price they have FCF Yields of abt 4 % while average is 14% 
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