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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

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Post by Singoa58 on May 09, 2024 3:28pm

Divy increase

Need to increase it
Comment by harvester on May 09, 2024 3:44pm
At over 10% with the current share price it's just fine.
Comment by vwbusman on May 09, 2024 4:42pm
10% is very high - it won't be raised
Comment by meritmat on May 09, 2024 6:08pm
Can't be raised.  There packing on debt to build that new sagd plant.  
Comment by Keyplan on May 09, 2024 7:50pm
Hmmm 116 percent payout ratio, what are the thoughts on this? 
Comment by Divypro on May 09, 2024 8:30pm
Anybody looking for a divy increase is dreaming until 2026. As far as the 116% payout ratio, it is fine due to the limited capex in q2 and they have excellent drilling results from q1. They also reduced their 2024 capex budget so debt will be reduced throughout 2024 as long as oil prices stay up. Fantastic q1 results in my opinion.
Comment by meritmat on May 09, 2024 8:38pm
Yup.  I'll be happy if there's no cut.    We want oil to stay around that 80 bucks plus.   
Comment by pkrash on May 09, 2024 8:39pm
Payout ratio increased because capex increased. SAGD project expenditures. All known. Not an issue.
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