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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 JayBankson Mar 14, 2024 7:10pm
220 Views
Post# 35933863

RE:RE:RE:RE:RE:RE:Too funny but shows a clear bias

RE:RE:RE:RE:RE:RE:Too funny but shows a clear bias

JayBanks wrote: Likely nothing interesting...

Numbers will be mildly positive as price rose a little, next Q seems like it will be a more significant rise with todays price...

No dividend movement, they already gave guidance they expect to keep payout flat this year...

Steady as she goes...

 

Well that prediction was a failure, if I do say so myself, we went from $43.55 to $33.69 on the netback that's pretty significant...

We mildly rose on production...300ish barrels...

Bank Debt rose a tiny amount... but the Capital Deficiency jumped large, $20M

Still steady as she goes, I purchased more at the start of the week... but this might cause a dip in share price and outlook... I have the dry powder to add a bit more should the dip be significant, but I wasn't planning on adding to my over weight position...

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