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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

Comment by Quintessential1on Sep 13, 2023 4:22pm
164 Views
Post# 35634680

RE:RE:RE:RE:RE:23 Plan #s

RE:RE:RE:RE:RE:23 Plan #sGlad it was what you were searching for.  I kind of recalled one that had different WTI pricing and generated FCF based on them but could not locate it.

With regards to gasoline pricing, I read a blurb that winter blends are cheaper than summer blends so it would help ease gas prices a little plus gasoline demand drops a little after summer vacation travelling ends too.  It would be nice to see WTI hold near $85-$90 as everyone makes a good buck and gasoline and diesel prices stay steady.  If fuel prices increase too much inflation will again increase and the FED will crack the whip and raise rates and send the US into a recession and us right along with them. That will cause demand destruction in fuel and send stock prices down. That is not good for anyone with the exception of those invested in bonds and GICs.

GLTY and all


caretired1 wrote: This is spot on what I was looking for.  Lots of positives thru August and Sept and I expect q4.
Thanks for finding and posting it and thanks for the google reminder.

On a separate note, any thoughts on some speculation US gasoline prices hit $6 average for their Thanksgiving?  That would be a wild ride up from here.


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