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) > WTI 90 day average $90+

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Comment by Konaboyon Mar 22, 2022 8:36am

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Post# 34533777

RE:RE:RE:WTI 90 day average $90+

So many ways to cut the cake ... but with $100M FCF in Q1, even with a front end loaded capital program they should hit the debt target.

Even 7 cents a month gives a 10% divvy at this price level, and there is huge upside. I would rather they wait til end of Q2 to launch the divvy, getting debt under $50M and the full capital plan funded, and then everything is completely bulletproof.

This puppy is going to get a lot of visibility, and is going to rocket.

So many great options out there, but this one has risen to top three for me.