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.

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Cardinal Energy Ltd (Alberta) > Not bad...

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Comment by kavern23on Jul 28, 2021 9:52pm

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Post# 33619046

RE:Not bad...

I agree it is not bad. Definitely on track and much better then Q1.

masfortuna wrote: We all knew they had hedged a large portion from January until June, but it looks like the second half of 2021, hedging is less than 50% of what it was in the first half ( 39% vs 16%) and no hegdes yet for 2022. So if you are "long" on oil (2023 at least) we should really start to swing upwards every quarter from here on out.
Mas

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