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) > Will Buy any Dip

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Comment by Konaboyon May 20, 2022 2:03pm

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Post# 34698988

RE:Will Buy any Dip

Q2 closes today, WTI averaged @ $105 and change. KA-CHING!!!

Take a look at this guys material and the front month settlement pricing thing.

https://wolfofbaystreetto.blogspot.com/2022/05/may-20th-daily-update-another-long.html

Re1ndeer2 wrote: Q2 is approaching 70% done with over $100 WTI almost guaranteed....This no hedge strategy was gutsy but say good by to debt....Q3 forecasts are $110(Currie, Young, and Nuttal)...good luck

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