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)

<< Previous

Bullboard Posts

Next >>

Post by Rational43on Jun 22, 2021 1:30pm

181 Views

Post# 33427864

Cardinal has the best (smallest) hedge for H2

Right now Cardinal has the smallest oil hedges as a % of production in the business going into H2.
That is a fantastic position to be in and will lead to higher cash flows being realized sooner at Cardinal, and that will get investors attention.

<< Previous

Bullboard Posts

Next >>

GameStop stock surges on Reddit post by Keith Gill