Cardinal Energy Ltd (Alberta) T.CJ

New presentation

[Coopsvw92]

https://cardinalenergy.ca/wp-content/uploads/2024/02/Q1-2024-Update-FINAL.pdf

[mickeymouse]

Page 7 of that presentation shows the "low commodity price scenario" for 2024 - looking at the numbers it appears they can shave $85 million from their budget if required and maintain base production - note that there is no mention of cutting the dividend as a cost cutting measure - so maintaining the dividend seems to be a priority - also interesting comparison on page 11 comparing the

[JohnnyDoe]

Has the company put forward any projections on how it would use the incremental cfps? It's a very substantial increase should it be realized. 

[Coopsvw92]

I assume it will be used to pay off debt incurred for phase 1 and to finance phase 2 and 3 of SAGD project. Some nice looking CFPS numbers a couple years out.

[loopsbutterfly]

thanks for sharing it is very well done