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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) > boring Q1 result
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Comment by bfwon May 14, 2021 9:38am
208 Views
Post# 33202532

RE:boring Q1 result

RE:boring Q1 result

I would suggest reading it again.

There is a reason a 52 week high is on tap.

bfw




forecast123 wrote: I saw nothing interesting in this Q1 report.... there is only one strong message... Hedging will quite mute CJ profit  in 2021... Q1 result is a loss due to hedging....hard to say it is a quarter of strong performance.

 

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