CRLFF News and Press, Cardinal Energy Ltd From 02/27/23

CALGARY, Alberta, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. (" Cardinal " or the " Company ") (TSX: CJ) is pleased to present the results of its independent reserve report effective December 31, 2022. One hundred percent of Cardinal's year-end 2022 reserves were evaluated by ...

Cardinal Energy ( OTCPK:CRLFF ) declares CAD 0.06/share monthly dividend , in line with previous. Forward yield 9.76% Payable March 15; for shareholders of record Feb. 28; ex-div Feb. 27. See CRLFF Dividend Scorecard, Yield Chart, & Dividend Growth. For furth...

CALGARY, Alberta, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. (" Cardinal " or the " Company ") (TSX: CJ) confirms that our February dividend of $0.06 per common share will be paid on March 15, 2023 to shareholders of record on February 28, 2023. The Board of Directors of Cardi...

Summary Cardinal Energy is keeping capex flat for 2023, but expects a modest boost in production from aggressive drilling in the prior year. WCS differentials will impact results for Q-4 along with currently lower prices. We are holding for now, but a dip below $5.00 per share would...

CALGARY, Alberta, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Cardinal Energy Ltd. (" Cardinal " or the " Company ") (TSX: CJ) confirms that our January dividend of $0.06 per common share will be paid on February 15, 2023 to shareholders of record on January 31, 2023. The Board of Directors of Card...

Cardinal Energy press release ( OTCPK:CRLFF ): Q3 GAAP EPS of C$0.21. Revenue of C$179.44M (+49.5% Y/Y). For further details see: Cardinal Energy GAAP EPS of C$0.21, revenue of C$179.44M

Summary Cardinal Energy confirmed a 20% dividend hike. Although investors should not rely on the Q2 or even H1 results as the oil price is now much lower, the dividend is safe. At $80 WTI, I still expect the company to generate north of C$1/share in free cash flow. Even at...

Shallow reservoirs. Multilateral wells. Open-hole and unstimulated completion. Cold flow. All these make Clearwater the most economical among North American resource plays. It's still the early days in exploring and developing this heavy oil trend so investors should consider investin...

Cardinal Energy press release ( OTCPK:CRLFF ): Q2 GAAP EPS of C$0.63. AFFO of C$0.82 Revenue of C$228.92M (+131.0% Y/Y). We anticipate that our net debt will decrease to under $50 million in the third quarter at which time we outlined that we would revisit our overall ...

Cardinal Energy took advantage of the strong oil price to rapidly reduce its net debt. The first threshold has been met and Cardinal has reinstated its dividend at a current yield of approximately 8%. As the net debt is further reduced, the payout ratio will increase. This mea...