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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

Comment by CashGreenGoldon Feb 04, 2019 6:43pm
95 Views
Post# 29317812

RE:RE:RE:Show Us the $$$

RE:RE:RE:Show Us the $$$thats exactly what got them into the mess last year. A big part of why the shares were weaker than many peers.

They missed the upside on the price and ate cash losses posting the collateral. And then by the time the hedges rolled off the price tanked.

Leave the hedges alone. Or do it on a regaulr structured basis, daily in proportion to the days production. Or perhaps just enough to cover COP.

But they have proved themselves horrible marketers, leave it alone or do it right.
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