Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

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

Cardinal Energy Ltd (Alberta)

Bullboard Posts

Comment by pppon Nov 14, 2018 8:18am

84 Views

Post# 28970559

RE:Have another look at the potential 2019 budget

Oil went down again in canada. Till that changes the div is in trouble,

Today's energy market summary:

Brent and WTI sank another 7% on Tuesday after OPEC warned that oil markets will likely return to being oversupplied next year, due to growth in non-OPEC supply and slowing demand. The cartel also reported another increase in OPEC supply, rising 127,000 bbl/day to 32.9 million bbl/day in October.
Brent ended the day at US$65.50/bbl, the lowest since last March, while WTI fell to a 1-year low of US$55.70/bbl.
Canadian Light and WCS sank in sympathy, falling to less than US$21 and US$13, respectively. Differentials on Canadian benchmarks were again unchanged for the day.
US natural gas prices shot up another 8.3% on Tuesday, while gasoline plunged almost 6%, giving up all gains from the past few days.
Energy was once again the worst performing sector in both Canadian and US markets, falling 2.8% on the TSX and 2.4% on the S&P 500. This is the fourth consecutive days of losses for energy stocks.