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CRLFF - Cardinal Energy Is A Good Bet For Long-Term Income
Cardinal Energy Ltd
At today's oil and gas prices, I expect Cardinal to turn in a free cash flow of CAD $120 million annually.
Cardinal has just over CAD$200 million in debt, and I expect debt reduction to be its priority for its free cash flow.
On a track to be debt-free by the end of 2022, Cardinal is poised to become a long-term dividend payer with significant dividends not only possible but also likely.