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) > Eric Nuttal Twitter

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Post by jonvw92on Oct 10, 2021 7:24pm

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Post# 33994049

Eric Nuttal Twitter

I'm known by many corporates as the anti-hedger. What to do today? I would be hedging my Q1/22 (seasonally weakest) >$77WTI = ensures leverage targets met allowing for ROC...the avg. company could buy back ~7% of S/O with 1Q of FCF at that level while leaving 2H'22 fully exposed.

 			9:35 AM · Oct 5, 2021·Twitter Web App
 			
 			Curious to see if CJ has done any hedging... and hopefully a dividend return in November or December. WTI hovering around $80, when do we see $5?
 			
 			GLTA