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.

TSX:CJ - Post by User

Cardinal Energy Ltd (Alberta)

Bullboard Posts

Post by Pand1234on Dec 25, 2018 10:26am

153 Views

Post# 29156325

Operating expenses

Hi guys,

I'm new to the investment, and after reading the Stocky's analysis, I began to look into the all in cost per barrel. One of the items I noticed about CJ was its operating expenses ($20.24). It is high in comparison to other operators. For example, Yangarra (5.28), Baytex (10.25), Crescent (13.56) Seven (5.22), Surge (14.36) and whitecap (11.97). Why is that?

Thank you for your insights

Bullboard Posts

A junior copper-gold stock trading at a bargain of monumental proportions