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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

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

Post by MohelJFoxon Dec 01, 2022 11:52am
200 Views
Post# 35143291

Did you know ?

Did you know ?

The difference in wti now and the lows of wti last week are above 7$ !

1$ makes cardinal 7 million per year more in revenue.

So in simple terms, the fluctuation and increase in the last week theoretically swallows all of our debt in one years time. 

The rest is gravy for ARO and dividends which is a cake walk!

Think about it, wti is $82.5 /bbl !

Turn the binoculars around and look at the long term, this comapany is in a good position. 



 

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