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) > WTI OVER $110

<< Previous

Bullboard Posts

Next >>

Comment by Rileym7833on May 05, 2022 9:22am

159 Views

Post# 34658145

RE:WTI OVER $110

My estimate is 550M free cash flow at $110 WTI in one year if prices, production, and cost sustain for one year. In an earlier report CJ has stated 337M FCF @90 with a $5.6M/$1WTI increase. It's hard to predict future oil prices but today we're at $110+ with China offline, a declining strategic reserve, and a declining Russia.

<< Previous

Bullboard Posts

Next >>

The top 10 Canadian medical stocks