ATHOF - Cardinal Energy: A Safe 8%+ Dividend Yield At Current Oil Prices
In the context of oil price recovery, most of the Canadian oil and gas producers focus on decreasing debt while trying to reduce costs. But Cardinal Energy (OTC:CRLFF) prioritizes the dividend.
The 8%+ dividend yield is among the highest in the Canadian oil and gas industry. As the company generated a high netback with H1 2018 oil and gas prices, management can maintain the dividend.
Also, with the improved oil prices and with low hedges expiring, the company will increase its cash flow. Thus, if current oil prices stay