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Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s):  CRLFF

Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil 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. Its Midale operating area of over 730 million barrels of original oil in place (OOIP) and its low decline in production of 3,200 barrels of oil equivalent per day (boe/d) (net) is supported by both waterflood and CO2 enhanced oil recovery. 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 OOIP pools. Its North area includes Grande Prairie, Clearwater and other properties.


TSX:CJ - Post by User

Post by Bennys65on Dec 05, 2016 5:37am
187 Views
Post# 25553574

leverage to higher oil prices

leverage to higher oil pricesNor everyone likes Eric Nuttall but he does say some interesting things.Likes Cj because of their leverage to higher oil prices,But what does that mean.Looking at cj info at 50 wti we are free cash flow of 23 million.At 55 we are 47 or100% increase..So a 2.50 move in wti from 50 to 52.50 gives us a whopping 50% increase in fcf.That is leverage.Only three things to do with fcf.Pay down debt,dont have to.increase the div,at some point,drill more wells getting more production and more fcf.That sounds good.Throw in a new aquistion at good metics and this story has legs. 
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