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) > Do beat me up....lol

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Comment by GoldenArmon Nov 15, 2021 11:45am

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Post# 34127441

RE:Do beat me up....lol

Got some questions for you.

20500 boe/day vs 22000boe/day The difference is $0.69 per barrel $10.69 vs $10.00 in exensive. This is what has your panties in a bunch. 10.69/80 = 13.3% and 10.00/80.00 = 12.5% Difference of 0.8% exploration cost. Now if they go buy a company how much would that cost in BOE?

What are the cheaper companies out there? This one is trading at multiple of less than 3 based on trailing 12 month earnings.

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