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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) > Who has been right on it ?
View:
Post by loopsbutterfly on Nov 08, 2024 11:22am

Who has been right on it ?

I am buying back on the cheap
Comment by loopsbutterfly on Nov 08, 2024 3:15pm
The payout is 94% (it is far too high)
Comment by loopsbutterfly on Nov 08, 2024 3:27pm
Payout ratio is increasing at 94% and the net earning is decreasing from $39 000 000 to $25 000 000 I wonder what will happen if they keep the dividend at this rate... for sure they have high hopes with the SAGD coming on stream soon... I still believe the current dividend is far too high.
Comment by JohnBP1 on Nov 08, 2024 4:06pm
If you listen you can hear the alarm bells. We can't wait a year for SAGD to mature (if it is not delayed). With oil unpopular you have to trade or diversify, China down 9% on imports, TRUMP, watch out. The only thing that can bump oil is war.
Comment by VeritasVern on Nov 08, 2024 6:56pm
John, we are told we can draw on the LC to finance the divy...all we have to do is sit back, relax and collect.
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