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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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(99)
•••
Comment by pppon Feb 09, 2019 11:33am
68 Views
Post# 29341917

RE:RE:RE:RE:Every company is buying back but Cardinal

RE:RE:RE:RE:Every company is buying back but Cardinal Tell me what these numbers say.   If you think oil will average less than 50 per BBL you are a fool for owning this or any oil company. So lets focus on between 50 and 55. Their presentation clearly states the CF after DIV and ARO


Commodity SensitivityBase production

20,500 boe/d

WTI(USD)

$ 50 $ 55 $ 65 $ 75

FX(USD/CAD) WTI ($CAD/BBL)

$ 0.75 67

$ 0.75 73

$ 0.75 87

$ 0.75 100

MSW-to-WTI Differential ($US/BBL) WCS-to-WTI Differential ($US/BBL)

( 5) ( 16)

( 5) ( 16)

( 5) ( 16)

( 5) ( 16)

Adjusted Funds Flow ($MM)(1)

83 15 5

108 15 5

160 15 5

210 15 5

Dividend ($MM)

ARO ($MM)

Adjusted Funds Flow in excess of Dividend and ARO spending ($MM)

63 24% at 50 dollar oil

88 19% at 55 dollar oil

140 13%

190 10%

Payout Ratio before Capital


Bullboard Posts
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