Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 mickeymouseon Oct 06, 2023 2:35pm
174 Views
Post# 35673677

RE:RE:RE:RE:RE:Goldman still expects oil at $100 a barrel by spring:

RE:RE:RE:RE:RE:Goldman still expects oil at $100 a barrel by spring:There is an updated presentation on the website post acquisition - the acquisition does not appear related to Gear as there is nothing on their website and for GXE which produces about 5800 boed a divestment of 900 boed would be a material event that would need to be reported - hopefully when CJ does a "fall presentation" post Q3 results they will include their cash flow sensitivities as there are a lot of moving parts in calculating their cash flow and subsequent ability to maintain capex, ARO obligations and dividend - the WTI/WCS differential is significant and it has widened marginally of late but this should reverse as the TMX opening gets closer - the WTI price averaged $82.29 in Q3 which will give CJ cash flow a boost - the USD/CDN exchange rate has also been a positive as the CDN has been significantly weaker (right now about .733) than the buget estimate in the spring of .78.
<< Previous
Bullboard Posts
Next >>