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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

Post by kavern23on Apr 07, 2021 2:31am
318 Views
Post# 32947389

Clues for Q1.....

Clues for Q1.....Well it looks like average WTI for Jan was 52 bucks and 59 in Feb for all unhedged oil.
Average of 55.58 for the two months.
Getting a differential discount of 13 USA for the two months...higher then I thought based on dailes.

Should have March Wti numbers soon to do another CF forecast for Q1.

Now that Opec has released production numbers for next few months...CJ may sit in this range for awhile until company news comes out.
I don't think unless news comes out we can ever break 2.75 just on oil price strength.

I was hoping CJ would hit 2.45 again yesterday as I will bite at that price but not higher.  Need to make at least 25-35 cents.

Nice being able to have capital sitting and ready.  Can't find anything to buy as volumes in most stuff is still weak. 

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