Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

Cardinal Energy Ltd. is an oil and gas company with operations focused on low decline oil in Western Canada. It is engaged in the acquisition, exploration and production of petroleum 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. It has over 730 million original oils in place (OOIP) and its low decline production of approximately 3,200 barrels of oil equivalent per day (boe/d) is supported by both water and carbon dioxide (CO2) enhanced oil recovery (EOR). Its South District operating area is located east of Calgary in southeastern Alberta and produces medium gravity crude, as well as liquids-rich natural gas. Its Central District operation is located in East Central Alberta, which is focused on producing oil from multiple, large original oil in place (OOIP) pools. Its North area includes Grande Prairie, Clearwater, House Mountain, Mica, and Mitsue properties.

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Cardinal Energy Ltd (Alberta)

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Comment by dalerules88on Nov 02, 2018 9:29pm

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Post# 28918100

RE:RE:should have announced a share buyback

Fantome, read the NR. There won't be enough cash flow to do all you ask - with $15usd/b potential hit to netbacks (before hedges), they can't keep divvy, maintain capex, pay extra transport costs, etc. - they're cutting everything they can to mittigate and if the spreads don't bounce back quick, something will have to give, IMO

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How a junior advances one of the largest undeveloped diamond projects