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) > Rabbit Hole

<< Previous

Bullboard Posts

Next >>

Comment by DowopDowopon Apr 01, 2022 9:50am

164 Views

Post# 34566633

RE:RE:RE:Rabbit Hole

WTI averages. I posted my math some time back and still come up with the same Phase 1 target hit date of "slightly before the end of April" hard to tell closer than that using averages. We don't know if their Capital budget is front end loaded because they don't flash it quaterly. They should start to do this btw= better Governance for a company with 1Billion Market cap now.
Still say starting with 7 cents (even if oil is higher). ex- divident date May 30.

Cushing, OK WTI Spot Price FOB 2022

Date	Price $	Price €
March 2022	$108.87	€98.80
February 2022	$91.64	€80.80
January 2022	$83.22	€73.55
December 2021	$71.71	€63.44
November 2021	$79.15	€69.34
October 2021	$81.48	€70.24
September 2021	$71.65	€60.88
August 2021	$67.73	€57.53
July 2021	$72.49	€61.32
June 2021	$71.38	€59.25
May 2021	$65.17	€53.66
April 2021	$61.72	€51.52