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) > Converted Debs

<< Previous

Bullboard Posts

Next >>

Comment by kavern23on Mar 16, 2021 10:13am

133 Views

Post# 32806803

RE:RE:RE:RE:RE:Converted Debs

Relax man...Q4 won't be a horror show.
We know this is production for Q4:
Q4/20 55% 27% 6% 12% 18,625
The impairment was done in Q2...that is over.

That gives a good starting point for Q1...and Q1 we will have one of the better FCF out there as we didn't spend anything n drilling.

Suncor is down 71 cents today...it's a small blip...relax.

If CJ was to hit 1.95-2.00...I will fire more archers and buy more. If not I watch.

Oil price are fine.

traderlong2 wrote:
Hope your right
The good stuff won't show up till Q1
year end should show
the large annual lost mostly from write downs
my guess
loss 350 million ?
debt
CL will still be around 200 million
28 million bond debt @ 8 % will still show (But now gone)
16 million debt to insiders at 12% (dogs)

lower production 18,500

Q1 on the other hand will be much much better
glta