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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) > Buy Backs the way to Go
View:
Post by Re1ndeer2 on Dec 22, 2022 3:26pm

Buy Backs the way to Go

Interesting points but at $.06 /share divi and super low debt...Buybacks guarantee share appreciation with minimal risk...
Comment by TheWokeLemming on Dec 23, 2022 7:56am
  Don't be surprised when we find out that buybacks haven't been occurring at these low prices, with WTI below $80.  When the cash flow isn't there buybacks are the first thing to go.   The NCIB will most likely remove about a 3rd of it's possible 10%, so it's not a game changer.   My opinion only. Keep the divvy where it's at and pay off debt first. ...more  
Cardinal Energy Ltd (Alberta)