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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) > Cardinal Estimated Q1 Production
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Comment by kavern23on Apr 27, 2021 2:10am
151 Views
Post# 33072559

RE:RE:RE:RE:Cardinal Estimated Q1 Production

RE:RE:RE:RE:Cardinal Estimated Q1 ProductionCardinal should be printing cash for the month of April...heavy oil is over 60 bucks and light oil is over 70 bucks and Cardinal has less hedges in Q2 as some rolled off....

If India can get under control, the USA should have some really bullish oil inventory coming up.
Very very hot stimulated economy.

I expect conversatively starting with the month of April, CJ can start paying down debt by 7 m a month. Cj should be at 150 M bank debt by Sept or Oct.

I am willing to hold CJ until Septmeber to see that as CJ should be three bucks if our debt get's down to 150M.

I hoping to get alittle more tomorow at open at 2.30.


JohnBP1 wrote: Thanks Kavern, question answered, thanks for the extra data......


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