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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
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(94)
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Post by largeinveston Dec 06, 2018 6:56pm
200 Views
Post# 29079461

Well that was unexpected

Well that was unexpectedA Mike Tyson punch to the face unexpected.  So what the heck happened to his 2018 budget projections...which I'm assuming would be the same for 2019 at $55 WTI he has a $26 million surplus after paying the dividend and investing $55 million in capex.  Has he no confidence in the current strip prices?
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities