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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 largeinveston Dec 02, 2018 4:55pm
129 Views
Post# 29051462

on the topic of OPex

on the topic of OPex$4-$5 of his operating costs are directly realated to hydro and carbon taxes...once he gets off the grid as he is planning to do over the next two years those expenses will show a huge drop.  CJ is a very strong company, great management team and they will come out on top.  I believe the cutbacks Alberta will announce Sunday night will only target those companies producing over 25,000 bbls.  CJ will come out the winner with no pain in this deal.  
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