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

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TSX:CJ - Post Discussion

Cardinal Energy Ltd (Alberta) > Dividend

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Post by TimeTooSoar on Dec 19, 2023 8:38pm

Dividend

Does anyone know if the dividend is safe? what's the payout ratio and what does oil need to stay above?

Your inputs are appreciated.

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Comment by lnggasfor202324 on Dec 19, 2023 8:52pm

I am not any exsp[ert on this but it depends on oil prices. If oil is in the $60.'s for any length of time would be my guess. If you need to rely on the dividends to pay your bills around the house you probably shouldn't be in the market either in my opinion.

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Comment by Appreciation777 on Dec 19, 2023 9:26pm

Well managed with good track record and with oil above $55, they will still make money, at least above breakeven point Dividend yield, 11.61% Ex-Dividend date- Dec 28, 2023 Payment Date- Jan 15, 2024 Pay Ratio- 58.06% Price target- $7.48 to $9 by various institutions Quarterly revenue 170.45 M Take a look at RSI with some potentiality there for a nice profit once they settle the contract ...more

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