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.

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Cardinal Energy Ltd (Alberta)

Bullboard Posts

Post by largeinveston Dec 17, 2018 1:29pm

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Post# 29124690

New calculations

Using $50 WTI avg and a $25 differential on the strip...The numbers look.....kinda rough even with the dividend cut! I increased the operating costs back to last years numbers as I have no guidance on when the hydro capex plan will be executed. Surplus at $50 US flat is only $4.5 million? If its that tight at $50 now (most thanks to the huge differentials what is the budget going to look like at $45 or $40! Debt to CF pops back over 3x User image