Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil 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. Its Midale operating area of over 730 million barrels of original oil in place (OOIP) and its low decline in production of 3,200 barrels of oil equivalent per day (boe/d) (net) is supported by both waterflood and CO2 enhanced oil recovery. 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 OOIP pools. Its North area includes Grande Prairie, Clearwater and other properties.

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Cardinal Energy Ltd (Alberta) > Div safety

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Comment by divime1on May 13, 2023 12:21pm

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Post# 35446945

RE:Div safety

Many companies have said they will cut Capx before dividends . No drilling in the 2 nd quarter until late May and June .

4 new Clearwater wells came on production in late March

In the first quarter there were capital expenditures of $25.3 million and dividends of $28.7 million .

WCS differentials averaged almost US$25/bbl in the first quarter and it is now below $ 13 .

WTI average price for 1 st quarter was $76.24

WTI average price so far this quarter is $ 76.74

https://ca.investing.com/commodities/crude-oil-historical-data

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