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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) > Cardinal Estimated Q1 Production
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Comment by kavern23on Apr 27, 2021 2:10am
158 Views
Post# 33072559

RE:RE:RE:RE:Cardinal Estimated Q1 Production

RE:RE:RE:RE:Cardinal Estimated Q1 ProductionCardinal should be printing cash for the month of April...heavy oil is over 60 bucks and light oil is over 70 bucks and Cardinal has less hedges in Q2 as some rolled off....

If India can get under control, the USA should have some really bullish oil inventory coming up.
Very very hot stimulated economy.

I expect conversatively starting with the month of April, CJ can start paying down debt by 7 m a month. Cj should be at 150 M bank debt by Sept or Oct.

I am willing to hold CJ until Septmeber to see that as CJ should be three bucks if our debt get's down to 150M.

I hoping to get alittle more tomorow at open at 2.30.


JohnBP1 wrote: Thanks Kavern, question answered, thanks for the extra data......


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