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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) > 1st and 2nd quarter WTI prices
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Comment by TMIC1048on Apr 25, 2022 9:14pm
177 Views
Post# 34630799

RE:RE:RE:RE:1st and 2nd quarter WTI prices

RE:RE:RE:RE:1st and 2nd quarter WTI prices

Luckyguy777 wrote: I would be happy with .04 per month.  Pay down the debt faster and quicker to stage 3.  Also, maybe throw in some sharebacks if the price doesn't take off.

 

On November 4, 2021, CJ had put out their Winter Presentation:

https://cardinalenergy.ca/wp-content/uploads/2021/11/November-2021-Winter-Presentation.pdf

Note Page 7 of 26.

I'm happy to dial back my expectations and happy to wait while they pay off debt; everything they are doing now will only set us up better in the future but I would have to question management forecasting if they go from estimating a $0.07/Dividend at $90 WTI to $0.01... I can totally understand a slight revision but one would think their forecasting has better accruacy.

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