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) > 1st and 2nd quarter WTI prices

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Post by scienceguy36on Apr 25, 2022 2:39pm

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Post# 34629798

1st and 2nd quarter WTI prices

Using WTI future contracts for Dec (2021) Jan and Feb 2022 , the average price of WTI for the 1st quarter of 2022. (Jan, Feb and Mar) is $82.00.

I would anticipate WTI averaging much higher in the 2nd quarter as March future for April Contract is $108.50 and April price for May contract is averaging above $100.00 and will be starting June contract in a few days

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